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NEWS ADMIN

DATE

12/04/2019

NEWS PROVIDER

Siti Safura Masiron

NEWS SOURCE

The Edge Markets MY

CATEGORY

HEADLINE

Angkasa submits proposal to ICA against EU palm oil curb

11.04.2019 (The Edge Markets MY) - MELAKA (April 11): Angkatan Koperasi Kebangsaan Malaysia Berhad (Angkasa) has submitted a proposal to the International Co-operative Association (ICA) to protest against the restrictions on the import of palm oil by the European Union (EU).

Angkasa deputy president Datuk Kamarudin Ismail said the protest was apt since the EU resolution could affect the income and economy of about 650,000 co-operative members who were also oil palm smallholders in the country.

Kamarudin, who is also a member of the board of directors of ICA, said this was following the decision to boycott the national palm oil product by the countries of the EU by 2021.

"We told ICA that they must lodge a protest with EU to reconsider the proposal to boycott the palm oil commodity whereby its board of directors also comprise EU nation representatives.

"Angkasa’s action is to champion the welfare of oil palm planters and smallholders in this country. The ICA meeting we attended recently showed that the issue was well-received for discussion,’’ he told reporters after attending a Melaka Angkasa Conference here today.