Deputy Prime Minister and Plantation and Commodities Minister Datuk Seri Fadillah Yusof arrived in Shanghai, China, making his maiden official visit to discuss among others palm oil
According to official statements, during the visit Fadillah will be going to Shanghai and Beijing, aiming to strengthen cooperation in research and development, as well as capacity building in commodities, especially in promoting the Malaysia Sustainable Palm Oil (MSPO) Certification scheme globally.
The minister recently said he looked forward to strengthening commodity trade with China, particularly palm oil.
China is Malaysia’s second-largest palm oil export market after India.
The export value of palm-based products to China in 2022 was RM16.41 billion, while the export value of Malaysian palm oil to the country in the same year was RM8.44 billion.
China has been Malaysia’s largest trading partner for the past 14 years.
Meanwhile, this year, Malaysia and China celebrated the 10th anniversary of the Comprehensive Strategic Partnership, while in 2024, both countries will commemorate the 50th anniversary of diplomatic ties.
Therefore, this visit will also allow both countries to discuss and exchange views on programmes and activities to be organised next year.