RI Sees Hope as WTO Forms Panel to Settle Biodiesel Dispute with EU

By Editorial Team 29/11/2023
CPO
Summary

The Dispute Settlement Body (DSB) of the World Trade Organization (WTO) has agreed to establish a panel to review Indonesia's complaint against the European Union's imposition of import duties on biodiesel. On its website, the WTO stated the DSB approved Indonesia's request at a meeting on Nov 27. The United States, the United Kingdom, Norway, Russia, Thailand, Singapore, Japan, Canada, China, Argentina, and Turkey will participate in the panel process.

Speaking to Reuters, the Trade Ministry's Director General of Foreign Trade Budi Santoso said Indonesia had requested consultations with the DSB of the WTO since August 2023. "Appealing this case to the WTO is very strategic in maintaining market access for Indonesian biodiesel products in the European Union, which currently face countervailing duties ranging from eight to 18 percent," Budi stated on Tuesday. The Indonesian Biofuel Producers Association Chairman Paulus Tjakrawan mentioned that these duties burden Indonesian biodiesel exporters. He expressed hope that the WTO panel would soon commence its legal proceedings.

Register now and get free access.

If you want to get free access to our Daily Insights and Weekly Digest, please click "Sign up" button below. If you already have an account, please login.

Sign up
Log in
What do subscribers receive?

As a subscriber, you'll receive daily insights, weekly business digests, and quarterly industrial reports.

What kind of pieces will i get?

In-depth reports on assumption and impact analysis, as well as update and trends mapping, written by our credible and experienced analysts.

And, there is something else…

Register now and get free access, click here to register. Feel free to contact us with any additional questions you have.