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Malaysia, India aim to repair soured ties that hit palm trade

BL33D

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Malaysia and India will work on improving ties that soured under former Malaysian Prime Minister Mahathir Mohamad and badly affected palm oil trade between the countries, officials from both nations said on Sunday.

India is the world's biggest palm oil importer but its purchases from Malaysia, the second-biggest palm exporter behind Indonesia, dropped drastically in recent months after attacks on India's policies by Mahathir.

Malaysia swore in a new prime minister on Sunday after last week's resignation by the outspoken Mahathir, 94, after a power battle in his coalition government.

Wee Ka Siong, a lawmaker expected to gain a ministerial post, said that mending ties is a priority because Malaysian palm oil producers have been suffering because of India's effective ban on purchases.

"Can we just renegotiate? It’s for my country as well as for my people," Wee stated. "Since we are a new government, let the PM, the new government deal with it. We treasure the friendship with India."

An Indian official with knowledge of the matter said that New Delhi is also keen to improve bilateral ties, including palm oil trading, provided that Malaysia keeps out of India's domestic affairs.

India could also invite the new Malaysian prime minister, Muhyiddin Yassin, for a visit this year, the official said on the condition of anonymity.

India put refined palm oil and palmolein on its list of restricted items on January 8, a move sources said was in response to Mahathir's criticism of its actions in Kashmir and a new citizenship law.

Malaysia's January palm shipments to India tanked 85% from a year earlier to 46,876 tonnes, the lowest since 2011.

India accounted for nearly a quarter of Malaysia's total palm oil exports last year and has been the biggest buyer of Malaysian palm oil for five years.

India's curbs on Malaysian imports disrupted global edible oil trade flows, with Indonesia diverting supplies to India, Malaysia rushing to tap markets left behind by Indonesia and India substituting palm with other oils.

https://timesofindia.indiatimes.com...-that-hit-palm-trade/articleshow/74429896.cms

https://www.thestar.com.my/news/nat...hould-reconsider-m039sian-palm-oil-import-ban
 
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Hope that the political dispute can be resolved soon. Malaysian government has to walk back on the previous administration’s statement on Kashmir to restore the relationship.
 
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Hope that the political dispute can be resolved soon. Malaysian government has to walk back on the previous administration’s statement on Kashmir to restore the relationship.
Well yes, we always knew this would happen after Mahathir steps down.
 
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Well yes, we always knew this would happen after Mahathir steps down.

Our condition should be extradition of Zakir Naik back to India (on top of Kashmir statement walkback).

We are not hurting and can wait it out, Indonesia can provide palm oil at pretty much same cost.

Rest of economic and cultural interaction continues (even under Mahathir) as usual anyway.
 
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Our condition should be extradition of Zakir Naik back to India.

We are not hurting and can wait it out, Indonesia can provide palm oil at pretty much same cost.

Rest of economic and cultural interaction continues (even under Mahathir) as usual anyway.
Well, the issue was a sudden and unnatural turn of events and is best for things to return to normal and keep on increasing the bilateral trade. Bringing in things out of their jurisdiction with no locus standi only to irk us and in dreams of some ummah was stupid from Mahathir.

Did you even read the article ?
There is a quota for people to comment without reading on every thread.
 
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Haha shows india is nothing but a little bi**h.
The amount of mental gymnastics people go through to self affirm their biases is astounding.

Fighting and doing one's bit for his country on the internet eh?!
Keep at it brave warrior:yahoo:
 
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Our condition should be extradition of Zakir Naik back to India (on top of Kashmir statement walkback).

We are not hurting and can wait it out, Indonesia can provide palm oil at pretty much same cost.

Rest of economic and cultural interaction continues (even under Mahathir) as usual anyway.
Correct
 
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Our condition should be extradition of Zakir Naik back to India (on top of Kashmir statement walkback).

We are not hurting and can wait it out, Indonesia can provide palm oil at pretty much same cost.

Rest of economic and cultural interaction continues (even under Mahathir) as usual anyway.

Withdrawal of support for FATF to Pakistan should be the condition.
 
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