1y ago
PUTRAJAYA, April 14 (Bernama) -- As the powerhouse in the global commodities market, with palm oil, rubber, timber, cocoa and pepper driving its economy, Malaysia is focused on streamlining trade to foster trust between trading partners to strengthen trade and market development.
1y ago
PUTRAJAYA, April 14 (Bernama) -- Malaysia will invite Thailand, the world’s third-largest palm oil producer, to join the Forestry, Agriculture, Commodity and Trade (FACT) Dialogue Partners to strengthen collaboration among producing countries.
1y ago
By Nurul Hanis Izmir
PUTRAJAYA, April 13 (Bernama) -- Malaysia is set to take centre stage in advancing sustainable and inclusive trade practices as it co-hosts the Forest, Agriculture, Commodity and Trade (FACT) Forum for the first time, with a strong focus on smallholders and sustainable certification, said Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani.
1y ago
KUALA LUMPUR, March 10 (Bernama) -- A total of 4.89 million hectares (ha), or 86.47 per cent of palm oil cultivation areas in Malaysia, have received certification under the Malaysian Sustainable Palm Oil (MSPO) standard as of Dec 31, 2024, demonstrating Malaysia’s commitment to sustainability.
1y ago
KUALA LUMPUR, Jan 22 (Bernama) -- Malaysia should utilise the free trade agreements (FTAs) that it has among the ASEAN countries, including the Regional Comprehensive Economic Partnership (RCEP) to promote palm oil at the global level, said the Malaysian Palm Oil Board (MPOB).
1y ago
By Zarul Effendi Razali and Siti Noor Afera Abu
KUALA LUMPUR, Jan 20 (Bernama) -- The revival of negotiations on the stalled Malaysia-European Union Free Trade Agreement (MEUFTA) could significantly benefit Malaysia’s key export sectors, particularly in high-value goods and natural resources.
1y ago
By D.Arul Rajoo
BRUSSELS, Jan 19 (Bernama) – A positive development on the decision to restart negotiations on the stalled Malaysia-European Union Free Trade Agreement (MEUFTA) is expected during Prime Minister Datuk Seri Anwar Ibrahim’s two-day visit to Belgium.
1y ago
PUTRAJAYA, Jan 14 (Bernama) -- The palm oil trade is a cornerstone of ASEAN’s economic activity, and Malaysia is committed to leveraging regional frameworks such as the Regional Comprehensive Economic Partnership (RCEP) and ASEAN’s Free Trade Agreements (FTAs) with countries like South Korea, Australia and New Zealand.
1y ago
By Nurul Hanis Izmir
PUTRAJAYA, Jan 13 (Bernama) -- Malaysia is keen to position Pakistan as a strategic distribution hub for palm oil exports to Central Asia, capitalising on the country's strategic location and its proximity to emerging high-growth markets, the Malaysian Palm Oil Board (MPOB) said.
1y ago
KUALA LUMPUR, Jan 3 (Bernama) -- The implementation of Malaysian Sustainable Palm Oil (MSPO) Standard MS2530:2022 (MSPO 2.0) reinforces Malaysia’s leadership in sustainable palm oil production and strengthens its position in the global markets, said the Malaysian Palm Oil Council (MPOC).
1y ago
KUALA LUMPUR, Jan 1 (Bernama) -- The Malaysian Sustainable Palm Oil (MSPO) Standard MS2530:2022 (MSPO 2.0) officially comes into effect today, introducing stricter guidelines for sustainability, traceability, and ethical practices in palm oil production.
1y ago
KUALA LUMPUR, Dec 18 (Bernama) -- Malaysia is inviting China's palm oil companies to explore opportunities in the domestic industry.