MPOCC Chairman participates in Palm Oil Meeting in Europe
In April, MPOCC Chairman YB Datuk Aaron Ago Dagang accompanied the Malaysian delegation led by MPIC on a mission to Brussels and Paris to meet and discuss, amongst others, issues related to the French Government’s proposed bill to raise the tax on uncertified palm oil imported into France. As Malaysia is the second largest palm oil producing country in the world, there is no doubt that the trade and export of Malaysian palm oil to France, and effectively to the European Union, will be adversely affected. There is also the fear of a domino effect within the members of EU if the French Government goes ahead to support the proposed bill. The meetings therefore provided a good platform to the Malaysian delegation to relay the various concerns and present the potential negative impact to the Malaysian economy if such an initiative materialised.