AIRLINK 60.01 Increased By ▲ 0.16 (0.27%)
BOP 6.29 Decreased By ▼ -0.01 (-0.16%)
CNERGY 4.34 Decreased By ▼ -0.04 (-0.91%)
DFML 15.75 Decreased By ▼ -0.22 (-1.38%)
DGKC 70.00 Decreased By ▼ -1.70 (-2.37%)
FCCL 18.60 Increased By ▲ 0.14 (0.76%)
FFBL 27.12 Increased By ▲ 0.82 (3.12%)
FFL 9.32 Increased By ▲ 0.12 (1.3%)
GGL 10.26 Decreased By ▼ -0.06 (-0.58%)
HBL 116.23 Increased By ▲ 1.73 (1.51%)
HUBC 114.15 Increased By ▲ 1.45 (1.29%)
HUMNL 6.62 Decreased By ▼ -0.03 (-0.45%)
KEL 4.99 Increased By ▲ 0.16 (3.31%)
KOSM 4.69 Increased By ▲ 0.01 (0.21%)
MLCF 38.70 Decreased By ▼ -0.29 (-0.74%)
OGDC 126.80 Increased By ▲ 3.40 (2.76%)
PAEL 21.76 Decreased By ▼ -0.24 (-1.09%)
PIAA 10.90 Decreased By ▼ -0.10 (-0.91%)
PIBTL 6.08 Increased By ▲ 0.06 (1%)
PPL 113.90 Increased By ▲ 5.50 (5.07%)
PRL 28.25 Increased By ▲ 0.05 (0.18%)
PTC 11.19 Increased By ▲ 0.12 (1.08%)
SEARL 51.98 Increased By ▲ 0.53 (1.03%)
SNGP 68.15 Increased By ▲ 0.15 (0.22%)
SSGC 11.51 Decreased By ▼ -0.09 (-0.78%)
TELE 7.94 Decreased By ▼ -0.13 (-1.61%)
TPLP 11.60 Decreased By ▼ -0.10 (-0.85%)
TRG 72.74 Decreased By ▼ -2.97 (-3.92%)
UNITY 23.90 Increased By ▲ 1.15 (5.05%)
WTL 1.29 Increased By ▲ 0.01 (0.78%)
BR100 6,670 Increased By 124.6 (1.9%)
BR30 22,699 Increased By 401.2 (1.8%)
KSE100 64,749 Increased By 1045.2 (1.64%)
KSE30 21,939 Increased By 430.8 (2%)

KUALA LUMPUR: Malaysia is taking legal action at the global trade watchdog against the European Union and member states France and Lithuania for restricting palm oil-based biofuels, the government said.

The world’s second largest palm oil producer, which has called a EU renewable-energy directive “discriminatory action,” is seeking consultations under the World Trade Organization’s Dispute Settlement Mechanism, the Plantation Industries and Commodities Ministry said in a statement on Friday. Minister Mohd Khairuddin Aman Razali said the EU proceeded

ementing the directive without considering Malaysia’s commitment and views, even after Malaysia gave feedback and sent economic and technical missions to Europe.

The EU directive “will mean the use of palm oil as biofuel in the EU cannot be taken into account in the calculation of renewable energy targets and in turn create undue trade restrictions to the country’s palm oil industry,” he said in the statement.

The ministry filed the WTO request with cooperation from the Attorney General’s Chambers and the International Trade and Industry Ministry, taking action it had warned of in July against EU Renewable Energy Directive II. Malaysia will act as a third party in a separate WTO case lodged by neighbouring Indonesia, the world’s biggest palm oil producer, as a sign of solidarity and support, the ministry statement said.

Comments

Comments are closed.