EU slaps biodiesel duties on Indonesia over subsidy concerns

The EU's executive commission said Tuesday that a probe "found that Indonesian biodiesel producers benefit from grants, tax benefits and access to raw materials below market prices."

The commission says "this inflicts a threat of economic damage to EU producers," so it's imposing duties of 8% to 18% "to restore a level-playing field for EU biodiesel producers."

So-called "countervailing duties" are permitted under global trade rules.

The commission says the duties are temporary but that more definitive measures could be imposed by December as the investigation evolves.

The 28-nation EU imports around 400 million euros ($450 million) worth of Indonesian biodiesel annually.

Support real journalism. Support local journalism. Subscribe to The Atlanta Journal-Constitution today. See offers.

Your subscription to the Atlanta Journal-Constitution funds in-depth reporting and investigations that keep you informed. Thank you for supporting real journalism.

X