XXXVII, No 9, 06/05/2019
Malaysia unnerved by palm oil embargo, promotes countertrade for civil and defence procurements
Malaysia’s prime minister, Dr Mahathir Mohamad, said China is likely to buy more palm oil from his country in exchange for his government’s decision to resume work on a Beijing-backed rail project. Defence minister Mohamad Sabu said discussions concerning countertrade are extending to Pakistan and Russia for defence equipment. The European Parliament is in the process of banning the use of palm oil in biofuels.