The European Union announced on Tuesday that it will impose an anti-dumping duty on Indonesian biodiesel.
The bloc’s trade body, European Commission (EC), took the decision after an investigation revealed that biodiesel imported from Indonesia at below market price had hurt its biodiesel producers.
The EC said it had decided to impose duties amounting to 10.6 percent of the total price on biodiesel imported from Indonesian producers, including Pelita Agung Agrindustri.
Similar anti-dumping duty would also be imposed on biodiesel from Argentina, it said.
The tariff is set to take effect on Wednesday. It will stay in place for the next six months and can be extended for five years.