About a week ago, Khor Reports was again asked to give its comments on the hot issue of the India-Malaysia trade spat, this time to Bloomberg. Tensions had been escalating since Malaysian Prime Minister Mahathir Mohamad’s comment on Kashmir at the United Nations General Assembly in September 2019, which impacted palm trade between the two countries.
If India’s refined imports from the nation drops from about 2.6 million tons a year to reach to 2018 levels, about 2 million tons of Malaysian processed products worth RM5.71 billion may need new buyers, said Khor Yu Leng, an independent economist with Segi Enam Advisors, who has published papers on Malaysia’s political economy.
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To read about the background behind the trade kerfuffle between India and Malaysia, click here.