Indonesia wins appeal against EU over anti-dumping duty on biodiesel

JAKARTA: Indonesia has won an appeal against the European Union in a dispute over the bloc's anti-dumping duty on biodiesel, the Ministry of Trade said in a statement on Wednesday.

The European Court of Justice, the EU's highest court, ruled that the bloc must do away with anti-dumping duties of between 8.8 to 23.3 percent on imports of Indonesian biodiesel products.

"With the elimination of these duties, businesses can once again export biodiesel to the EU," said Oke Nurwan, director general of foreign trade at the Indonesian trade ministry.

He added that the elimination of duties was valid from March 16, 2018.

The ruling reinforces a decision made by the World Trade Organisation (WTO) earlier this year, which said that the EU needed to bring its measures into conformity with WTO agreements. - Reuters