Union Govt may restrict palm oil import from Malaysia over Kashmir stand - Sarkari Naukri Sms

Sarkari Naukri Sms

Sarkari Result: SarkariResult.com provides you all the latest Sarkari Results, Sarkari Naukri Jobs in various sectors...in India.

Post Top Ad

Sunday, October 13, 2019

Union Govt may restrict palm oil import from Malaysia over Kashmir stand

India is restricting imports of some products from Malaysia including palm oil in reaction to the Southeast Asian country's leader criticizing New Delhi for its actions in Kashmir. India is looking for ways to limit palm oil imports and may place restrictions on other goods from the country, said a government source and an industry source who participated in discussions led by the Ministry of Commerce and Industry on the planned restrictions. India's government was angered after Malaysian Prime Minister Mahathir Mohamad said last month at the United Nations that India had "invaded and occupied" Jammu and Kashmir and asked New Delhi to work with Pakistan to resolve the issue. Muslim-majority Kashmir is divided between India and Pakistan, which both claim it in full and have twice gone to war over the territory. India revoked the special constitutional status of its portion of Kashmir in August, angering Pakistan. The government wants to send a strong signal of its displeasure to Malaysian authorities. India, the world's biggest importer of edible oils, is planning to substitute Malaysian palm oil with supplies of edible oils from countries such as Indonesia, Argentina, and Ukraine. The Palm oil accounts for nearly two-thirds of India's total edible oil imports. India buys more than 9 million tonnes of palm oil annually, mainly from Indonesia and Malaysia. In the first nine months of 2019, India was the biggest buyer of Malaysian palm oil, taking 3.9 million tonnes, according to data compiled by the Malaysian Palm Oil Board.A spokeswoman for India's commerce ministry said the ministry could not comment on things that were under consideration.

from Current Affairs 2019 for Competitive Exams Current Affairs Today India is restricting imports of some products from Malaysia including palm oil in reaction to the Southeast Asian country's leader criticizing New Delhi for its actions in Kashmir. India is looking for ways to limit palm oil imports and may place restrictions on other goods from the country, said a government source and an industry source who participated in discussions led by the Ministry of Commerce and Industry on the planned restrictions. India's government was angered after Malaysian Prime Minister Mahathir Mohamad said last month at the United Nations that India had "invaded and occupied" Jammu and Kashmir and asked New Delhi to work with Pakistan to resolve the issue. Muslim-majority Kashmir is divided between India and Pakistan, which both claim it in full and have twice gone to war over the territory. India revoked the special constitutional status of its portion of Kashmir in August, angering Pakistan. The government wants to send a strong signal of its displeasure to Malaysian authorities. India, the world's biggest importer of edible oils, is planning to substitute Malaysian palm oil with supplies of edible oils from countries such as Indonesia, Argentina, and Ukraine. The Palm oil accounts for nearly two-thirds of India's total edible oil imports. India buys more than 9 million tonnes of palm oil annually, mainly from Indonesia and Malaysia. In the first nine months of 2019, India was the biggest buyer of Malaysian palm oil, taking 3.9 million tonnes, according to data compiled by the Malaysian Palm Oil Board.A spokeswoman for India's commerce ministry said the ministry could not comment on things that were under consideration. https://ift.tt/2B5Bpme

No comments:

Post a Comment

Post Top Ad