WTO Panel Backs Indonesia on Several Counts in Biodiesel Row with EU

WTO - GENEVA. A World Trade Organization panel backed Indonesia on several key claims in its complaint regarding countervailing duties imposed by the European Union on biodiesel imports originating in the country, a copy of the ruling showed on Friday.

Indonesia brought the dispute to the WTO in 2023, alleging that the EU's imposition of duties on imports of biodiesel from the Southeast Asian nation broke the body's rules.

Read Also: GLOBAL MARKETS-Stocks in Holding Pattern as Traders Await Powell Speech