Friday, 31 March 2017
France released the Malaysian palm oil duty
France refused to charge import duties on shipments of palm oil from Malaysia
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In support of this, the countries signed a Memorandum of understanding with the aim of further deepening of cooperation.
Starting with 2012. several political parties have lobbied for the application of this regulation to restrictions of imports, and to protect their own producers of vegetable oils. In the case of the introduction of import duties, the price of Malaysian palm oil could lose its competitiveness on the French market.
Manufacturers of Malaysia noted that they are developing new methods for standardization of quality palm oil for its growth and entering other EU markets, except France.
Photo: colors.life
Translated by service "Yandex.Translation"
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