Barriers to palm oil trade will be a priority issue to be discussed by Malaysia as part of negotiations of free trade agreements with developed nations at the next Trans Pacific Partnership (TPP) Agreement meeting. Malaysia earns approximately US$20 billion annually from palm oil exports and wants to ensure that not only are tariffs reduced but barriers such as labeling laws are addressed to ensure access once markets are opened. The TPP was originated in 2010 and is a free trade pact between the U.S., Mexico, Canada, Peru, Chile, Malaysia, Singapore, Australia, Brunei, New Zealand, Vietnam, and Japan.
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