Malaysian Prime Minister Mahathir bin Mohamad said on Monday, “Malaysia is too small to respond to India’s boycott of Palm oil with trade retaliation.”
“We are too small to take retaliatory action. We have to find ways and means to overcome that,” Mahathir told reporters in Langkawi, a resort island off the western coast of Malaysia.
This month India stopped the import of Malaysian palm oil after the Comment of Malaysian Prime Minister Mahathir bin Mohamad on Kashmir issue.
Malaysian Prime Minister Mahathir Mohammad had strongly criticized India for abolishing the special status of Jammu and Kashmir. When India abolished the special status of Jammu and Kashmir, Mahathir Mohammad said that India had Invaded & occupied Jammu & Kashmir and suggested India to solve this matter by talking with Pakistan.
India is the world’s largest buyer of edible oil. India has been also the top importer of Malaysian Palm oil since 2014. In 2019, India imported 4.4 million tonnes of Malaysian Palm oil which was the 24% of total Malaysian Palm oil exports.
The second largest buyer of Malaysian Palm oil is China which imported 2.4 million tonnes of Malaysian Palm oil last year, while Pakistan is the third largest buyer of Malaysian Palm oil which imported 1.8 tonnes of Malaysian Palm oil in 2019.