India plans more restrictions while Malaysian Prime Minister speaks hard | India News

NEW DELHI: After refining palm oil, the government is seeking to further increase pressure on Malaysia with a plan to restrict the import of microprocessors amid indications that the commercial dispute is unlikely to be resolved as the Southeast Asian nation continue to be irritated. India on Kashmir and citizenship (Amendment Act).
The determination of Malaysian Prime Minister Mahathir Mohamad to talk about what India believes are his internal problems has seen the Modi government working on the imposition of technical standards for microprocessors and also on the implementation of a control order quality for telecommunications equipment, sources told TOI.
Customs authorities have been asked to ensure compliance with the quality control order as part of efforts to restrict the entry of equipment from Malaysia to India, in what is probably India’s first commercial retaliation against posture. Country policy.
On Tuesday, Mohamad said he was concerned about trade restrictions, but added that he would continue speaking against “wrong things.”
“We are worried, of course, because we sell a lot of palm oil to India, but, on the other hand, we must be frank and see that if something goes wrong, we will have to say it,” said the veteran leader. He told reporters in Kuala Lumpur.
“If we allow things to go wrong and just think about the money involved, then I think we will do many bad things, for ourselves and for other people,” he added.
A news agency said the 94-year-old leader promised to find a solution when prices fell in the futures market after India, the world’s largest buyer of edible oil, decided to move the refined palm oil from the list of free imports. to the restricted category. .
In addition to Mohamad’s comments about Kashmir and CAA, Indian authorities are upset with Malaysia’s reluctance to extradite the controversial preacher Zakir Naik, which caused the government to respond on the trade front. On January 9, TOI had reported that India intended to intensify action against Malaysia with restrictions on imports of palm oil and electronic products.
Separately, the Ministry of Mines monitors imports and can initiate actions in the coming weeks, authorities said. Malaysian palm oil already faces an import tariff of 50%, due to a 5% safeguard tariff, compared to 45% of Indonesia’s oil. The duty is under review next month, sources said.
India’s trade with Malaysia was estimated at more than $ 17 billion, with exports linked to $ 6.4 billion, while imports were estimated at $ 10.8 billion.

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