Malaysia Threatens To Stop Buying EU-Made Aircraft
Malaysia warned Europe that it would start purchasing Russian aircraft in the event that European countries limit palm oil imports. This was stated by Prime Minister Mohamad Mahathir, speaking at the business and investment summit of the Association of Southeast Asian Nations (ASEAN).
“If you reduce or limit our imports, then we will take the same measures and will not buy your goods,” said Head of the Malaysian government.
He stressed that the country’s authorities « will purchase Russian aircraft, not your [European]. » Thus, Mahathir commented on the intention of the European Union to refuse the supply of Malaysian palm oil. It is worth noting that Malaysia and Indonesia are the largest producers of the oil. They account for up to 90% of palm oil production.
In January last year, the European Parliament approved a package of measures aimed at reducing energy consumption and climate conservation by reforming the energy market. In particular, it was proposed to ban the use of palm oil in the production of biofuels.
“You are reducing our imports, we will do the same,” Mahathir warned the European authorities. He also called on the members of the association « to act as a united front, to jointly express their position. »
The politician believes that his country has to act toughly. “If you want to be heard, you need to be very rich or very strong,” he added.
However, he drew attention to the fact that “ASEAN, having a very large market, does not want trade wars, but is ready to respond to all the negative steps that can be taken with respect to the organization.”