MALAYSIA CLAIMS EU RESOLUTION COULD HARM PALM OIL EXPORTS
Earlier this month, the European Parliament voted overwhelmingly in favor of a non-binding resolution for a single Certified Sustainable Palm Oil scheme. The resolution calls for greater vetting of palm and other vegetable oils to ensure that these oils are produced without causing deforestation. The vote comes in reaction to environmental groups, which have campaigned to raise attention to the harmful impacts that unsustainable palm oil can have on the environment and on climate mitigation efforts. The resolution has received pushback from Malaysia’s Plantation Industries and Commodities Minister, who says the resolution unfairly targets palm oil. The EU is Malaysia’s second largest export market for palm oil products. The Malaysian government plans to petition both the EU and China to try to avoid adverse impacts to their exports. For the full story, see http://uk.reuters.com/article/us-malaysia-eu-palmoil-idUKKBN1770SU.