TRA to review countervailing measure on Indonesian biodiesel
The Trade Remedies Authority (TRA) has announced that it will be reviewing the countervailing measure (CVM) on imports of biodiesel from Indonesia. The CVM was first imposed in 2019 after an investigation found that Indonesian biodiesel was being subsidized by the Indonesian government.
The TRA’s review will assess whether the CVM is still necessary and whether it is having the intended effect of offsetting the subsidies provided by the Indonesian government. The review will also consider whether there have been any changes in the circumstances since the CVM was first imposed.
The TRA has invited interested parties to submit their views on the review by 17 January 2025. The TRA will then consider all of the submissions before making a final decision on whether to maintain, amend, or revoke the CVM.
The Indonesian government has welcomed the TRA’s decision to review the CVM. The Indonesian government has argued that the CVM is unnecessary and that it is harming the Indonesian biodiesel industry.
The European Union (EU) has also welcomed the TRA’s decision to review the CVM. The EU has argued that the CVM is not compatible with World Trade Organization (WTO) rules.
The TRA’s review of the CVM is expected to be completed by the end of 2025.
TRA to review countervailing measure on Indonesian biodiesel
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