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Indonesia has requested WTO dispute consultations with the European Union regarding the bloc’s imposition of duties on imports of biodiesel from the southeast Asia nation, the global trade body said on Tuesday.
HERE’S WHY INDONESIA IS MOVING ITS CAPITAL – AND WHY IT’S SO CONTROVERSIAL
The request was circulated to WTO members on Aug. 15, the body said, adding that Indonesia argues that the EU countervailing duties and the investigation that led to their imposition are inconsistent with WTO provisions.
A logo is seen at the World Trade Organization (WTO) headquarters before a news conference in Geneva, Switzerland, on Oct. 5, 2022. (REUTERS/Denis Balibouse/File Photo)
Countervailing duties are imposed under WTO rules with the goal of neutralising the negative effects of subsidies.
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