Wednesday, March 15, 2023

Report: UK poised to remove import tariffs on Malaysian palm oil


MM:

Report: UK poised to remove import tariffs on Malaysian palm oil




According to a report, the UK government is planning to eliminate import tariffs on palm oil from Malaysia. ― Picture by Ahmad Zamzahuri

Wednesday, 15 Mar 2023 8:00 AM MYT



LONDON, March 15 ― The UK government is planning to eliminate import tariffs on palm oil from Malaysia, the price of joining an Asia-Pacific trade deal, the Financial Times (FT) reported yesterday, citing people involved in the talks.

Malaysia has successfully demanded Britain cut its palm oil tariffs, which currently range up to 12 per cent, to zero immediately on entering the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP), the FT said. ― Reuters


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