Mahathir warns of possible trade sanctions on Malaysia | The Daily Star
Skip to main content
E-paper বাংলা
T
TODAY’S NEWS
From our archives: Padma Bridge with own funds, PM lays out plan in parliament “Bangladesh has given an apt reply to conspirators” 3 Covid-19 deaths, 1,280 cases reported in 24 hours Reason for not naming Padma Bridge after Sheikh Hasina World Bank says Padma Bridge to boost Bangladesh's economic growth Thousands flock to see newly opened Padma Bridge From Dhaka to Padma Bridge on foot “You gave us courage, you gave us power” Bangladesh says it needs to import 6.2mn tonnes of wheat from India this fiscal PM pays first toll for crossing Padma Bridge “Padma Bridge answer to all insults”: PM thanks Rehana, Joy, Putul, Bobby 11 teenagers reach Padma Bridge after cycling 53 kms "Khaleda said Padma Bridge won't be constructed; come see for yourself" Padma Bridge, as seen from satellite images Bangladesh cricketers celebrate historic Padma Bridge inauguration
The Daily Star
Journalism Without Fear or Favour
Saturday, June 25, 2022
  • E-paper
  • বাংলা
TODAY’S NEWS
From our archives: Padma Bridge with own funds, PM lays out plan in parliament “Bangladesh has given an apt reply to conspirators” 3 Covid-19 deaths, 1,280 cases reported in 24 hours Reason for not naming Padma Bridge after Sheikh Hasina World Bank says Padma Bridge to boost Bangladesh's economic growth Thousands flock to see newly opened Padma Bridge From Dhaka to Padma Bridge on foot “You gave us courage, you gave us power” Bangladesh says it needs to import 6.2mn tonnes of wheat from India this fiscal PM pays first toll for crossing Padma Bridge “Padma Bridge answer to all insults”: PM thanks Rehana, Joy, Putul, Bobby 11 teenagers reach Padma Bridge after cycling 53 kms "Khaleda said Padma Bridge won't be constructed; come see for yourself" Padma Bridge, as seen from satellite images Bangladesh cricketers celebrate historic Padma Bridge inauguration
The Daily Star
Saturday, June 25, 2022 | Journalism Without Fear or Favour
  • Home
  • News
    • Bangladesh
    • Asia
    • World
  • Views
    • Editorial
    • Opinion
    • Letters to the Editor
  • Health
    • Diseases
    • Healthcare
    • Food
  • Coronavirus
  • Sports
    • Cricket
    • Football
    • More Sports
  • Business
    • Economy
    • Global Economy
    • Organisation News
  • Entertainment
    • TV & Film
    • Music
    • Theatre & Arts
  • Culture
    • Art & Design
    • Books
  • Life & Living
    • Fashion & Beauty
    • Food & Recipes
    • Health & Fitness
  • Youth
    • Education
    • Careers
    • Young Icons
  • Tech & Startup
    • Science, Gadgets, and Tech
    • Startups
    • Automobiles
  • Feature
    • Lifestyle
    • Arts & Entertainment
    • Showbiz
    • Star Health
    • Satireday
    • Shout
    • Toggle
    • Star Literature
    • In Focus
    • Star Youth
    • Law & Our Rights
    • Daily Star Books
    • Roundtables
    • Supplements
  • Environment
    • Climate crisis
    • Natural resources
    • Pollution
  • NRB
বাংলা T
  • Home
  • News
    • Bangladesh
    • Asia
    • World
  • Views
    • Editorial
    • Opinion
    • Letters to the Editor
  • Health
    • Diseases
    • Healthcare
    • Food
  • Coronavirus
  • Sports
    • Cricket
    • Football
    • More Sports
  • Business
    • Economy
    • Global Economy
    • Organisation News
  • Entertainment
    • TV & Film
    • Music
    • Theatre & Arts
  • Culture
    • Art & Design
    • Books
  • Life & Living
    • Fashion & Beauty
    • Food & Recipes
    • Health & Fitness
  • Youth
    • Education
    • Careers
    • Young Icons
  • Tech & Startup
    • Science, Gadgets, and Tech
    • Startups
    • Automobiles
  • Feature
    • Lifestyle
    • Arts & Entertainment
    • Showbiz
    • Star Health
    • Satireday
    • Shout
    • Toggle
    • Star Literature
    • In Focus
    • Star Youth
    • Law & Our Rights
    • Daily Star Books
    • Roundtables
    • Supplements
  • Environment
    • Climate crisis
    • Natural resources
    • Pollution
  • NRB

  • About Us
  • Contact Us
  • SMS Subscription
  • Apps
  • Comment Policy
  • RSS
  • Sitemap
  • Advertisement
  • Newsletter
  • Privacy Policy
  • Conference Hall
  • Archives
World

Mahathir warns of possible trade sanctions on Malaysia

Reuters, Kuala Lumpur
Mon Oct 21, 2019 10:59 AM Last update on: Mon Oct 21, 2019 11:04 AM
File photo of Malaysian Prime Minister Mahathir Mohamad. Photo: AP

Malaysian Prime Minister Mahathir Mohamad said on Monday his exports-reliant country could be hit with trade sanctions amid rising protectionism highlighted by the US-China tariff war.

Mahathir did not mention the source of possible sanctions on the Southeast Asian country but said he was disappointed that proponents of free trade were now indulging in restrictive trade practices on a “grand scale”.

For all latest news, follow The Daily Star's Google News channel.

“Unfortunately, we are caught in the middle,” he told a conference in the capital Kuala Lumpur, referring to the US-China trade war.

“Economically we are linked to both markets, and physically we are also caught in between for geographical reasons. There are even suggestion that we ourselves would be a target for sanctions.”

The United States and China were two of the three biggest export destinations for Malaysia between January and August this year. Singapore was the top destination.

To cushion the impact of the collision between the superpowers, Mahathir said Malaysia was collaborating more with its regional neighbours.

Mahathir also complained of being bullied by powerful nations, referring to a campaign by European countries against Malaysia’s agricultural mainstay of palm oil. The edible oil contributed 2.8% of Malaysia’s gross domestic product last year and 4.5% to total exports.

“Having cleared most of their forests and refusing to reduce their noxious emissions, they now try to impoverish the poor by preventing them from clearing their forest for living space and earning a living,” he said.

The European Union passed an act earlier this year to phase out palm oil from renewable fuel by 2030 due to deforestation concerns.

There are also concerns that India, one of the biggest buyers of Malaysian palm oil, would restrict imports of the product due to a diplomatic row over comments made by Mahathir on New Delhi’s recent actions in the disputed South Asian region of Kashmir.

 

Related topic
Mahathir Mohamad
Apple Google
Click to comment

Comments

Comments Policy

Related News

Mahathir Mohamad gets historic victory
Front Page

Malaysia Polls: Mahathir-led opposition gets historic victory

Southeast Asia

Malaysia won't support Suu Kyi anymore

Malaysian ex-leader Mahathir Mohamad meets with king
Asia

Malaysia's Mahathir meets with king after stunning election win

Asia

Malaysian King accepts Mahathir's resignation but appoints him interim premier

World

Modi meets Mahathir

The Daily Star  | বাংলা
২১ মিনিট আগে|শিক্ষা

২৮ জুন থেকে প্রাথমিকে ১৯ দিনের ঈদ-গ্রীষ্মকালীন ছুটি

ঈদুল আজহা ও গ্রীষ্মকালীন ছুটি উলক্ষে আগামী ২৮ জুন থেকে প্রাথমিক বিদ্যালয়ে এবং ৩ জুলাই থেকে মাধ্যমিক বিদ্যালয়ে ছুটি শুরু হবে। 

৫৪ মিনিট আগে|বাংলাদেশ

‘আমরা মাথা নত করব না’, পদ্মা সেতু নির্মাণ নিয়ে সংসদে যা বলেছিলেন প্রধানমন্ত্রী

The Daily Star
Follow Us
  • About Us
  • Contact Us
  • SMS Subscription
  • Apps
  • Comment Policy
  • RSS
  • Sitemap
  • Advertisement
  • Newsletter
  • Privacy Policy
  • Conference Hall
  • Archives
© 2022 thedailystar.net | Powered by: RSI LAB
Copyright: Any unauthorized use or reproduction of The Daily Star content for commercial purposes is strictly prohibited and constitutes copyright infringement liable to legal action.