Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
News18 » World
1-min read

Malaysia Says Will Work Diplomatically With India if Palm Oil Imports Curbed: Report

India was considering curbing imports of some Malaysian products, including palm oil, after Kuala Lumpur criticised New Delhi for its actions in Kashmir.

Reuters

Updated:October 16, 2019, 1:38 PM IST
facebookTwitter Pocket whatsapp
Malaysia Says Will Work Diplomatically With India if Palm Oil Imports Curbed: Report
Image for representation. (Photo: Reuters)

Kuala Lumpur: Malaysia will work diplomatically with India if it decides to restrict imports of Malaysian palm oil, Prime Minister Mahathir Mohamad said on Wednesday, according to the state news agency Bernama.

Reuters reported last week that India was considering curbing imports of some Malaysian products, including palm oil, after Kuala Lumpur criticised New Delhi for its actions in Kashmir.

Malaysia is the world's second-largest producer and exporter of palm oil after Indonesia, and India is Malaysia's third-largest market for the oil.

"If the (Indian) government launched a boycott or something like that, then we will have to work diplomatically or reduce the kind of action that they have taken," Mahathir was quoted as saying by Bernama.

Some Indian traders said refiners had already stopped buying Malaysian palm oil for shipment in November and December, fearing higher import taxes or other measures.

Despite the halt by traders, Malaysia had yet to receive any official statement from the Indian government on the possible restrictions, Mahathir said. "This is the reaction from the business community. Hence, we cannot react to their personal decisions," he said, according to Bernama.

Malaysia on Tuesday said it would consider increasing imports of raw sugar and buffalo meat from India, as it looked to quell trade tensions.

Sources had told Reuters that New Delhi was considering curbing imports in response to Mahathir's remarks at the UN general assembly last month, when he said India had "invaded and occupied" Kashmir.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Read full article
Next Story
Next Story

facebookTwitter Pocket whatsapp

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results