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As published earlier last month, despite the reduction of import tax on refined palm oil import to 50% in January, the effective tax from Malaysia was only 45%.In short, Malaysia enjoys a special 5% less import tax due to the special relationship between both countries.More than 20 million Indonesians, especially in Sumatra and Kalimantan, rely on palm oil for their livelihood.
Now that India is going to slap an extra 5% tax, can you imagine what will happen to the Malaysian palm oil industry?
The dangerous hate preacher had also falsely claimed that Malaysian Hindus were more loyal to Prime Minister Narendra Modi than Prime Minister Mahathir.
Yet, majority of Malay Muslims in Malaysia are charmed and hooked to Zakir Naik, despite the amazing fact that the local community doesn’t understand the preacher’s Indian accent English sermons.
While he urged his counterpart Malaysian Prime Minister Mahathir Mohamad to jointly address and fight discrimination against palm oil by European Union (EU) countries, Indonesia was at the same time lobbying the Indian government to abolish the unfair preferential treatment accorded to Malaysia.
Like Malaysia, palm oil is a sensitive and hot potato in Indonesia.