Malaysia says WTO agreed to establish panel to examine EU palm oil rules

[geemong]

Malaysia says WTO agreed to establish panel to examine EU palm oil rules



Malaysia's government said on ทางเข้าเล่นslotxo that the World Trade Organisation (WTO) agreed to a request from Kuala Lumpur to establish a panel
examining a European Union law that restricts the use of palm oil-based biofuels.

Under the EU's renewable energy directive, palm oil-based fuels are to be phased out by 2030, since palm oil has been classified by the bloc
as resulting in excessive deforestation and can no longer be considered a renewable transport fuel.

Palm oil producers say some EU member states have started to phase it out ahead of the deadline.

Malaysia, the world's second-largest palm oil producer, and bigger rival Indonesia, have in recent years launched separate cases with the WTO, saying
the EU measures are discriminatory.

"Malaysia will remain committed to pursuing legal action against the EU," Malaysia's Commodities Minister Mohd Khairuddin Aman Razali said.
Malaysia and Indonesia together produce 85per cent of the world's palm oil.

In a statement, Mohd Khairuddin said the WTO on Friday acceded to a second request from Malaysia that a panel be set up. The application was made
since consultations with the EU on March 17 failed to yield a solution, he said.

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