Dr. Mahathir stands by Kashmir comments despite India palm oil boycott.

KUALA LUMPUR -- Malaysian Prime Minister Dr. Mahathir Mohamad has said despite demand for banning Malaysian goods in India he stood firm on his stand on Kashmir issue.

Talking to newsmen at the Parliament lobby in Kuala Lumpur, the Malaysian Prime Minister said we speak our minds and we do not retract and change despite calls by some in India for a boycott of Malaysian goods.

He said the government will study the effects of a boycott but it will take no further action for now.

Dr Mahathir Mohamad said all countries including India, Pakistan and the US should abide by the United Nations resolution on Jammu and Kashmir.

"We speak our minds, and we don't retract or change," Mahathir told reporters outside parliament. "What we are saying is we should all abide by resolutions of the (United Nations). Otherwise, what is the use of the UN?"

Mahathir said Malaysia would study the impact of the boycott called by the Mumbai-based Solvent Extractors Association of India and look at ways to address the issue.

"This is not the Indian government, so we have to find out how we can communicate with these people, because trade is a two way thing and...