Latest news with #SilverJubileeGalaNight
The Star
05-05-2025
- Business
- The Star
Malaysia to safeguard commodities in US tariff talks
Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani PUTRAJAYA: Malaysia is making thorough preparations for official tariff negotiations with the United States, with the Plantation and Commodities Ministry emphasising the need to protect the interests of the country's commodities sector, particularly palm oil. Minister Datuk Seri Johari Abdul Ghani stated that although the United States is not the largest buyer of Malaysian palm oil products, exports to the country remain significant and strategically valuable. 'We have provided all relevant facts and information to the Investment, Trade and Industry Ministry to be used in the upcoming negotiations. 'For example, with regard to palm oil, even though the United States is not a major buyer, we still export nearly RM4.9bil annually to that market,' he told reporters at the Malaysian Palm Oil Board's Silver Jubilee Gala Night. Johari said Malaysia's largest export markets for palm oil currently are Europe, India, and China, which collectively contribute over 40% of total exports. 'But we cannot disregard the United States, because in addition to palm oil, we also export rubber gloves – more than RM8bil annually, wood products – nearly RM6.5bil, and cocoa – at around RM1.6bil. 'Total commodity exports to the United States alone amount to about RM20bil to RM21bil,' he noted, adding that the national commodities sector records total annual exports of around RM186bil worldwide. Johari stressed the need to continue engagement and diplomacy efforts with major buyers worldwide, given the large demand and market capacity beyond the United States. — Bernama
Malay Mail
03-05-2025
- Business
- Malay Mail
Exporters warned: Gloves made abroad won't get origin certificate, Malaysia not a hub for trade diversion
PUTRAJAYA, May 3 — Companies that export rubber gloves must ensure that the entire manufacturing process of their products takes place within the country in order to qualify for the certificate of origin issued by the Ministry of Investment, Trade and Industry (MITI), said Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani. Only products that are fully processed and produced domestically are permitted for export in line with Malaysia's commitment to international trade partners such as the United States, he said. 'We will not allow rubber gloves that are produced abroad to be brought into Malaysia merely for changing containers and the original documents before being re-exported. That does not involve local manufacturing and cannot be accepted,' he told the media after officiating the Malaysian Palm Oil Board's (MPOB) Silver Jubilee Gala Night here today. Also present were MPOB chairman Datuk Mohamad Helmy Othman Basha and MPOB director-general Datuk Dr Ahmad Parveez Ghulam Kadir. According to Johari, Malaysia currently produces around 348,000 metric tonnes of rubber annually, far lower than the industry's requirement of over one million metric tonnes. Therefore, raw materials such as latex from Thailand are still allowed to be imported, as they are fully processed domestically before becoming end products. 'What's important is that the processing occurs here. We do not want Malaysia to become a hub for trade diversion involving finished products from other countries. This is to protect the reputation and sustainability of the local rubber industry,' he said. Last week, the Plantation and Commodities Ministry announced that only rubber glove exporters licensed by the Malaysian Rubber Board are allowed to export products sourced from local manufacturers effective immediately. It said the move was taken to safeguard product quality and to prevent Malaysia from being used as an export route for finished products from other countries. — Bernama
New Straits Times
03-05-2025
- Business
- New Straits Times
Exporters must ensure locally–made rubber gloves receive Miti's certificate of origin
PUTRAJAYA: Companies that export rubber gloves must ensure that the entire manufacturing process of their products takes place within the country to qualify for the certificate of origin issued by the Investment, Trade and Industry Ministry, said Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani. Only products that are fully processed and produced domestically are permitted for export in line with Malaysia's commitment to international trade partners such as the United States, he said. "We will not allow rubber gloves that are produced abroad to be brought into Malaysia merely for changing containers and the original documents before being re-exported. That does not involve local manufacturing and cannot be accepted," he told the media after officiating the Malaysian Palm Oil Board's (MPOB) Silver Jubilee Gala Night here on Friday. Also present were MPOB chairman Datuk Mohamad Helmy Othman Basha and MPOB director-general Datuk Dr Ahmad Parveez Ghulam Kadir. According to Johari, Malaysia currently produces around 348,000 metric tonnes of rubber annually, far lower than the industry's requirement of over one million metric tonnes. Therefore, raw materials such as latex from Thailand are still allowed to be imported, as they are fully processed domestically before becoming end products. "What's important is that the processing occurs here. We do not want Malaysia to become a hub for trade diversion involving finished products from other countries. This is to protect the reputation and sustainability of the local rubber industry," he said. Last week, the Plantation and Commodities Ministry announced that only rubber glove exporters licensed by the Malaysian Rubber Board are allowed to export products sourced from local manufacturers effective immediately. It said the move was taken to safeguard product quality and to prevent Malaysia from being used as an export route for finished products from other countries.-- BERNAMA
The Sun
02-05-2025
- Business
- The Sun
Exporters must ensure rubber gloves are made locally to receive MITI'S certificate of origin
PUTRAJAYA: Companies that export rubber gloves must ensure that the entire manufacturing process of their products takes place within the country in order to qualify for the certificate of origin issued by the Ministry of Investment, Trade and Industry (MITI), said Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani. Only products that are fully processed and produced domestically are permitted for export in line with Malaysia's commitment to international trade partners such as the United States, he said. 'We will not allow rubber gloves that are produced abroad to be brought into Malaysia merely for changing containers and the original documents before being re-exported. That does not involve local manufacturing and cannot be accepted,' he told the media after officiating the Malaysian Palm Oil Board's (MPOB) Silver Jubilee Gala Night here today. Also present were MPOB chairman Datuk Mohamad Helmy Othman Basha and MPOB director-general Datuk Dr Ahmad Parveez Ghulam Kadir. According to Johari, Malaysia currently produces around 348,000 metric tonnes of rubber annually, far lower than the industry's requirement of over one million metric tonnes. Therefore, raw materials such as latex from Thailand are still allowed to be imported, as they are fully processed domestically before becoming end products. 'What's important is that the processing occurs here. We do not want Malaysia to become a hub for trade diversion involving finished products from other countries. This is to protect the reputation and sustainability of the local rubber industry,' he said. Last week, the Plantation and Commodities Ministry announced that only rubber glove exporters licensed by the Malaysian Rubber Board are allowed to export products sourced from local manufacturers effective immediately. It said the move was taken to safeguard product quality and to prevent Malaysia from being used as an export route for finished products from other countries.
The Sun
02-05-2025
- Business
- The Sun
MITI: Only locally made rubber gloves eligible for export
PUTRAJAYA: Companies that export rubber gloves must ensure that the entire manufacturing process of their products takes place within the country in order to qualify for the certificate of origin issued by the Ministry of Investment, Trade and Industry (MITI), said Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani. Only products that are fully processed and produced domestically are permitted for export in line with Malaysia's commitment to international trade partners such as the United States, he said. 'We will not allow rubber gloves that are produced abroad to be brought into Malaysia merely for changing containers and the original documents before being re-exported. That does not involve local manufacturing and cannot be accepted,' he told the media after officiating the Malaysian Palm Oil Board's (MPOB) Silver Jubilee Gala Night here today. Also present were MPOB chairman Datuk Mohamad Helmy Othman Basha and MPOB director-general Datuk Dr Ahmad Parveez Ghulam Kadir. According to Johari, Malaysia currently produces around 348,000 metric tonnes of rubber annually, far lower than the industry's requirement of over one million metric tonnes. Therefore, raw materials such as latex from Thailand are still allowed to be imported, as they are fully processed domestically before becoming end products. 'What's important is that the processing occurs here. We do not want Malaysia to become a hub for trade diversion involving finished products from other countries. This is to protect the reputation and sustainability of the local rubber industry,' he said. Last week, the Plantation and Commodities Ministry announced that only rubber glove exporters licensed by the Malaysian Rubber Board are allowed to export products sourced from local manufacturers effective immediately. It said the move was taken to safeguard product quality and to prevent Malaysia from being used as an export route for finished products from other countries.
