Malaysia to study impact of India’s planned trade action

General Official News

Kuala Lumpur, October 14, 2019 (PPI-OT): India is the world’s biggest importer of edible oils, and is the biggest buyer of Malaysian palm oil. It bought 3.9 million tonnes of Malaysian palm oil in the first nine months of 2019.

Kuala Lumpur:

Malaysia’s Prime Minister Mahathir Mohamad has said that his government will monitor the trade situation with India, which is reported to be considering trade curbs on the Southeast Asian nation over his criticism of New Delhi’s actions in Kashmir.

According to Kashmir Media Service, media reports, last week, claimed that India was looking for ways to limit palm oil imports and other goods from Malaysia in retaliation for Mahathir’s speech at the United Nations in September when he said India had invaded and occupied Jammu and Kashmir.

Malaysia had said it did not receive “anything official” from India. Mahathir said on Sunday his government will “study the impact of the action taken by India”, the government-owned news wire Bernama reported. “They are exporting goods to Malaysia too. It’s not just one-way trade, it’s two-way trade,” Mahathir was quoted as saying in the report.

For more information, contact:
Kashmir Media Service
Phone: +92-51-4435548, +92-51-4435549
Fax: +92-51-4861736