epaselect MALAYSIA PHOTO SET PALM OIL

Malaysia, Indonesia fear palm oil exports will decline after EU anti-deforestation regulation

epaselect epa10772893 A worker collects palm fruits at a palm oil plantation in Sabak Bernam, Selangor, Malaysia, 21 July 2023 (issued 28 July 2023). Malaysia and Indonesia, the world's largest palm oil exporters, have launched a diplomatic campaign against the European Union's (EU) anti-deforestation regulation, arguing that they already have their own guarantee systems to prevent forest loss and fearing that exports to the EU will continue to decline due to the regulation. Palm oil, a versatile and inexpensive product used in a wide range of goods, has long been linked to deforestation in Malaysia and Indonesia, both accounting for 85 percent of global palm oil exports while the EU is the third-largest importer of the commodity from these countries EPA/FAZRY ISMAIL ATTENTION: This Image is part of a PHOTO SET

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