World’s largest palm oil producer Indonesia is planning to file a complaint with the World Trade Organization (WTO) against the biodiesel anti-dumping duties enacted on the country by the EU.
The Southeast Asian nation was disputing the calculations on which the EU duties were based, claiming they were “inconsistent” with the WTO’s Anti-Dumping Agreement, Reuters reported on 19 March.
"We are ready to file the suit at the first meeting [on] 29-30 March at the WTO headquarter in Geneva," Indonesia's Director of Trade Security Pradnyawati was quoted as saying.
The EU raised its duties on Indonesian biodiesel from 8.8% to 20.5% in November 2013.
Indonesia, along with Argentina on whose soyabeans the EU set a similar duty, have called the measures protectionist, and both have filed earlier complaints with the WTO, which ruled in favour of Argentina in October 2016.
Indonesia claimed that the EU duties has caused the sales of its biodiesel to fall from US$625M in 2013 to a projected US$9M in 2017, according to Reuters.