Monday, September 26, 2022

Malaysia says after FGV, another plantation firm faces U.S. import ban By Reuters


© Reuters.

By Mei Mei Chu

KUALA LUMPUR (Reuters) – Malaysia on Thursday said another plantation company will face an import ban by the United States after the U.S. Customs and Border Protection (CBP) agency blocked imports of palm oil producer FGV Holdings (KL:) over forced labour allegations.

“Another big firm will be banned soon,” Human Resources Minsiter Saravanan Murugan told reporters.

He declined to name the company, but said it was a large firm within the plantation sector.

U.S. CBP banned imports of FGV’s products on Wednesday after a year-long investigation that the agency alleges showed abuse, deception, physical and sexual violence, intimidation and the keeping of workers’ identity documents.


Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link


Please enter your comment!
Please enter your name here



Related Stories