Trade and markets
 

Detail

Area
Malaysia
Commodity Group
Oilseeds, oils and meals
Commodity
Palm oil, rapeseed
Date
18/09/2018
Policy Category
Other
Policy Instrument
Bilateral cooperation
Description
Decided to set up an expert committee to explore opportunities for sustainable production, bilateral trade, exchange of relevant technologies and possible collaboration in downstream palm oil industry applications, with a view to securing Malaysia’s palm oil exports to Switzerland without harming Swiss rapeseed producers.
Notes
Official sources reported that Malaysia and Switzerland agreed to cooperate on issue relating to palm oil. The two countries decided to set up an expert committee to explore opportunities towards sustainable production, bilateral trade, exchange of information about relevant technologies, and possible collaboration in downstream palm oil industry applications. Contributing to address the issue of increasingly negative consumer perception, the bilateral initiative is aimed at securing Malaysia’s palm oil exports to Switzerland – without harming Switzerland’s rapeseed producers. Switzerland maintains its target of covering about one third of domestic vegetable oil consumption through locally produced rapeseed.