Malaysia wants EU palm oil ban dropped in exchange for fighter jet purchase

March 12, 2018 |

In Malaysia, Edge Markets reports the government is flexing its muscles by making it very clear to France that its future purchase of 18 fighter jets, valued at $2 billion each, will be off the table if the European Union’s proposed palm oil ban for biodiesel goes into effect. The fighter jet deal is still a few years off, but already early stage negotiations are taking place, including with France’s Dassault Aviation and a consortium of Airbus SE, Alenia Aermachhi SA, and United Kingdom-based BAE Systems Plc.

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