In the first half of 2024, trade between China and the Association of Southeast Asian Nations (ASEAN) soared to 3.36 trillion yuan (approximately $463 billion), marking a significant increase of 10.5 percent year on year. Among the key commodities driving this growth is palm oil, a vital edible oil import for China.
Malaysia stands as China\u2019s second-largest source of palm oil imports, just behind Indonesia. The robust trade in palm oil not only strengthens economic ties between Malaysia and China but also plays a pivotal role in advancing green development initiatives.
At the recent Malaysia-China Green Value Chain Partnership roundtable dialogue, industry representatives and government officials convened to explore how the palm oil trade can further the green agenda. CGTN\u2019s Emma Ho spoke with participants to gain insights into sustainable practices being adopted within the industry.
“The collaboration between Malaysia and China in the palm oil sector is a testament to our shared commitment to environmental sustainability,” said a Malaysian government official at the event. “By implementing green technologies and sustainable farming practices, we aim to minimize environmental impact while meeting global demand.”
Chinese industry leaders echoed these sentiments, highlighting the importance of sustainability in meeting consumer expectations and international standards. The partnership emphasizes not only economic growth but also the responsibility to protect the environment for future generations.
The ongoing dialogue between Malaysia and China underscores the potential for green development within the palm oil industry. As both nations continue to strengthen their economic ties, their collaborative efforts in promoting sustainability set a positive example for other sectors and regions.
Reference(s):
cgtn.com
