KUALA LUMPUR : Malaysia, the world's second largest palm oil producer, on Friday accused the European Union of blocking market access of the edible oil with a new law that prevents the sale of commodities linked to deforestation in the 27-country bloc.
"The Deforestation-Free Products Regulation is a deliberate act by Europe to block market access, hurt small farmers and protect a domestic oilseeds market that is inefficient and cannot compete with the cost of palm oil," he said in a statement. EU Ambassador to Malaysia Michalis Rokas had on Wednesday in a response to the nation's palm oil board said that claims of a ban on palm oil is untrue and misleading.
Many palm oil firms in top producers Indonesia and Malaysia have already adopted global and national sustainability certification standards and have committed to no-deforestation policies.
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