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EXPLORING OPPORTUNITIES

Malaysia, Switzerland to form palm oil committee

KUALA LUMPUR: Malaysia and Switzerland will form a special joint committee comprising ex- perts from both nations to co- operate on issues relating to palm oil.

The Primary Industries Min- istry will work with the Swiss Fed- eral Department of Economic Af- fairs, Education and Research to set up the special joint commit- te e.

This was agreed upon during a meeting between Primary Indus- tries Minister Teresa Kok and Jo- hann Schneider-Ammann, who is Swiss Federal Department of Economic Affairs, Education and

Research head, in Berne on Monday.

The ministry said the special committee would explore palm oil-related opportuni- ties towards sustain- ability, bilateral trade, exchange of relevant scientific technolo- gies and possible col- laboration in down- stream palm oil indus- try applications.

“Both ministers agreed that this would go a long way towards addressing the many negative sentiments associated with palm

oil in Switzerland and would also be an im- portant tool to assure local Swiss rapeseed farmers that import- ed palm oil will not pose a threat to their livelihood in the fu- t u re,” it said in a state- ment yesterday.

The ministry said Switzerland was, how- ever, a comparatively small importer of palm oil.

Last year, 29,100 tonnes of palm oil and palm products were imported and mainly used for

various food applications.

It said the Malaysian delegation was also informed that the Swiss authorities were keen on main- taining at least one-third of their local consumption for locally- produced rapeseed oil and to support the local Swiss rapeseed farmers.

Kok is leading a palm oil mis- sion to Switzerland and the Eu- ropean Union till October 6.

She is accompanied by officials from the ministry, Malaysian Palm Oil Board, Malaysian Palm Oil Council, Malaysian Palm Oil Certification Council and Forest Research Institute of Malaysia.

Teresa Kok

Headline Malaysia, Switzerland to form palm oil committee MediaTitle New Straits Times

Date 03 Oct 2018 Color Full Color

Section Business Times Circulation 36,278

Page No 22 Readership 108,834

Language English ArticleSize 210 cm²

Journalist N/A AdValue RM 7,211

Frequency Daily PR Value RM 21,633

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