Malaysia sells COP to China

Mon, 18 May 1998, 00:00 WIB | Source: AP

KUALA LUMPUR (AP): A trade mission led by the Minister of
Primary Industries, Lim Keng Yaik, will ask China to buy more
Malaysian palm oil, a news report said Saturday.

Palm oil export quotas to China, which totaled 1.3 million
tons last year, would also be raised in the discussions, Lim told
reporters here, the national news agency Bernama said.

He hoped China, one of the biggest palm oil consumers, would
maintain or increase the quota.

Lim said Malaysia was grateful to China for reducing the palm
oil import duty to eight percent from 30 percent in the past five
years.

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