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Indonesia launches WTO dispute over EU duties on biodiesel imports.
Indonesia has requested World Commerce Group (WTO) dispute consultations with the European Union relating to the bloc’s imposition of duties on imports of biodiesel from the Southeast Asia nation, the worldwide commerce physique stated.
The EU is Indonesia’s third-largest vacation spot for palm oil merchandise and is a vital marketplace for its biodiesel, a product comprised of palm oil. Indonesia is the world’s greatest palm oil producer.
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The request was circulated to WTO members on Aug. 15, the physique stated, including that Indonesia argues that the EU countervailing duties and the investigation that led to their imposition are inconsistent with WTO provisions.
The EU has imposed countervailing duties of between 8% and 18% for Indonesian biodiesel since 2019, based on Djatmiko Bris Witjaksono, director normal of worldwide commerce cooperations at Indonesia’s commerce ministry.
Djatmiko stated:
The imposition of the import duties has brought about severe harm to Indonesian trade, particularly when the worldwide economic system has solely began to get better from the COVID-19 pandemic.
Countervailing duties are imposed beneath WTO guidelines with the objective of neutralising the destructive results of subsidies.
Indonesia’s complete biodiesel exports dropped 28% in 2019 from a 12 months earlier, to 1.2 million tonnes based on its statistics bureau.
The EU accounted for about 52% of its 2018 biodiesel shipments and 45% in 2019.
Indonesia shipped 435,827 tonnes of biodiesel in 2022, with 22.47% of that shipped to the EU.
Indonesia launches WTO dispute over EU duties on biodiesel imports, Jakarta, August 15, 2023