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Financial Times — World — Trade deal negotiations between UK and Malaysia to eliminate import tariffs on palm oil — Climate Change — Global Economy — Agricultural Production

UK poised to remove import tariffs on Malaysian palm oil

UK plans to remove import tariffs on Malaysian palm oil as part of CPTPP trade deal negotiations, sparking concern among green groups. The move is blamed for widespread deforestation and damages biodiversity.

1 min read
  • UK government plans to eliminate import tariffs on palm oil from Malaysia as part of CPTPP trade deal negotiations.
  • Malaysia demanded the elimination of palm oil tariffs, which currently range up to 12%.
  • The move has sparked outrage among green campaigners as palm oil is blamed for widespread deforestation.
  • The UK is expected to finalize the agreement in the next couple of weeks before final signing in the summer.
  • Palm oil is used in a huge range of food and household products and cutting down forests to create palm plantations damages biodiversity.
UK poised to remove import tariffs on Malaysian palm oil
Britain’s move to cut duties as it seeks entry to CPTPP trade deal sparks concern among green groups
Financial TimesAlan Beattie

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