# Malaysia backs off from WTO suit against EU on palm oil

> Malaysia will not file a WTO lawsuit against EU restrictions on palm-based biofuel and will instead lobby the EU during a 2021 review. The EU has excluded palm oil from renewable energy targets, so palm diesel will be phased out from 2024. Indonesia has already filed its WTO case, and the two countries plan joint talks with the EU.

- Date: 2020-02-13 · published 2020-02-13T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/54694-malaysia-backs-off-from-wto-suit-against-eu-on-palm-oil
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Dropping the suit removes a near-term legal route to reopening EU biofuel demand, so the phase-out keeps palm's EU biofuel outlet under pressure.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2018-02-13 | [Minister: Malaysia will retaliate against EU goods in case of palm oil ban](https://feedsoft.ai/events/66372-minister-malaysia-will-retaliate-against-eu-goods-in-case-of-palm-oil-ban.md) | -0.7% | -3.5% |
| PALMOIL | 2016-12-04 | [Palm Oil News - EU: German Should not Import Palm oil from Malaysia and Indonesia](https://feedsoft.ai/events/73509-palm-oil-news-eu-german-should-not-import-palm-oil-from-malaysia-and-indonesia.md) | +0.8% | +1.9% |
| PALMOIL | 2020-06-05 | [Malaysia exempts palm oil from export duty - Business Recorder](https://feedsoft.ai/events/52493-malaysia-exempts-palm-oil-from-export-duty-business-recorder.md) | +1.7% | +1.1% |
| PALMOIL | 2019-08-27 | [Palm oil: Indonesia and Malaysia push back as EU clamps down - Nikkei Asia](https://feedsoft.ai/events/57462-palm-oil-indonesia-and-malaysia-push-back-as-eu-clamps-down-nikkei-asia.md) | -1.2% | +0.3% |
| PALMOIL | 2019-05-14 | [EU’s palm-based biofuel ban: Does it breach WTO free trade rules? \| Malaysiakini](https://feedsoft.ai/events/59117-eu-s-palm-based-biofuel-ban-does-it-breach-wto-free-trade-rules-malaysiakini.md) | +2.9% | +0.6% |

## Sources

- hydrocarbonprocessing.com: https://hydrocarbonprocessing.com/news/2020/02/malaysia-backs-off-from-wto-suit-against-eu-on-palm-oil/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.