Indian blackmail - Embargo on import of Malaysian oil did not work

NEW DELHI, 7 February 2020, TON: India reacted strongly on Malaysian Prime Minister Mahathir Mohamad’s statement that Hindu-majority India was invading and occupying the State of Jammu and Kashmir. He also spoke against the Citizenship Amendment Act (CAA), which was resented by Indian leadership at New Delhi. Indian warned its importers to stop import of Malaysian oil. However, Indian blackmailing tactics to force Malaysia to change its Kashmir policy or face embargo on export of Malaysian oil to India did not work.

As per data of Malaysian Palm Oil Council statists, India bought 4.4 million tonnes of palm oil from Malaysia in 2019, accounting for 24% of all Malaysian palm oil exports. Pakistan is third largest buyer of Malaysian Palm oil with 1.08 million tonnes in same year. The Government of Pakistan has announced that if India continues with bar on import of palm oil from Malaysia, Pakistan will compensate by starting import of oil from Malaysia. In the same regard, groups of importers have started contacting Malaysian Palm oil exporters. 

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