date:Feb 14, 2023
a one-sided, unilateral decision, continued Fadillah.
Losing the EU as a trading partner will not be a deadly blow for Malaysia. The EU share of Malaysias palm oil exports declined to 9.4% in 2022, with the volume of exports to the bloc falling 40% in the last seven years and 10% last year.
Similarly, the trade volume of Indonesian palm oil to the EU declined 14% last year and the bloc now supposes around 13.3% of all the commodity exports. Meanwhile, trade to the US increased 15% and other ma