Indonesia on Friday (3 October) urged the European Union to immediately remove the countervailing and anti-dumping duties on its stainless steel products, after a World Trade Organisation (WTO) panel backed the Southeast Asian country.
The WTO panel on Thursday said the EU had acted inconsistently with some WTO rules in a dispute over its duties on stainless steel cold-rolled flat products from Indonesia and called on the bloc to bring its measures into conformity with an agreement on subsidies and countervailing measures.
"Indonesia's victory in this dispute is a major achievement in ensuring market access for Indonesian stainless steel in the EU and other countries. We urge the EU to respect the WTO Panel's ruling and immediately lift the unlawful countervailing duties," Trade Minister Budi Santoso said in a ministry statement.
Indonesia took the EU to the WTO in 2023, saying its anti-dumping tariffs of 10.2%–20.2% on stainless steel since 2021 severely hurt exports.
On top of that, the EU has also imposed countervailing duties of up to 21.4% since 2022.
"The Indonesian government will continue to monitor so that this decision could be swiftly adopted, thereby further opening up market access for Indonesian stainless steel in the EU," Budi added.
The case is among a number of trade disputes between the EU and Indonesia, Southeast Asia's largest economy, even as they finalised negotiations on a free trade deal last month.
Last week, the EU said it will appeal the WTO panel ruling that backed Indonesia over a dispute on the EU's import duties on Indonesian biodiesel.
Both the United States and Iran are giving conflicting messages about trying to end the conflict in the Middle East, meanwhile Pakistan has offered...
U.S. President Donald Trump said the U.S. was talking to the right people in Iran to make a deal on Tuesday (24 March), as Pakistan's Prime Min...
Pakistan offered to host talks between Iran and the U.S. to bring about an end...
Voting has ended in Denmark’s parliamentary election, with Prime Minister Mette Frederiksen seeking a third term after a campaign shaped by t...
Türkiye is pursuing a cautious approach to the escalating Middle East conflict while maintaining regional ties, President Recep Tayyip Erdoğa...
Australia and the European Union signed a trade deal on Tuesday that was eight years in the making, removing tariffs for almost all European goods and for nearly all exports of Australian critical minerals.
Violent clashes broke out between police and opposition protesters in Tirana on Sunday (22 March) as demonstrators were demanding the resignation of the Albanian government following corruption allegations against the deputy prime minister.
President Donald Trump said the U.S. was considering "winding down" its military operation against Iran, as Iran and Israel traded attacks on Saturday (21 March) and Iranian media said the nuclear enrichment facility in Natanz had been attacked.
European Union leaders are meeting in Brussels on 19–20 March for a high-stakes summit shaped largely by external geopolitical shocks, with surging energy prices and a stalled €90 billion loan to Ukraine emerging as the dominant issues.
The pilot and co-pilot of an Air Canada Express regional jet were killed after it collided with a fire truck while landing at New York's LaGuardia airport late on Sunday, in an incident that closed the airport, authorities and U.S. media said.
U.S. President Donald Trump said the U.S. was talking to the right people in Iran to make a deal on Tuesday (24 March), as Pakistan's Prime Minister offered to host peace talks between the two countries to bring about an end to the conflict.
Violent clashes broke out between police and opposition protesters in Tirana on Sunday (22 March) as demonstrators were demanding the resignation of the Albanian government following corruption allegations against the deputy prime minister.
Afghan authorities say Pakistani jets entered northern Afghanistan, while Pakistan insists its actions target terrorism, highlighting continued strain after a temporary Eid ceasefire ended.
As conflict continues to unsettle the Middle East, airlines are being forced to make difficult, fast-moving decisions - redrawing flight paths and searching for safe skies. Amid this uncertainty, Azerbaijan has emerged as a crucial gateway linking Europe and Asia.
Both the United States and Iran are giving conflicting messages about trying to end the conflict in the Middle East, meanwhile Pakistan has offered to be a mediator and a reported 15 point plan has been sent to Tehran. Welcome to AnewZ's coverage of the tensions in the Middle East.
Voting has ended in Denmark’s parliamentary election, with Prime Minister Mette Frederiksen seeking a third term after a campaign shaped by tensions with the U.S. over Greenland and mounting domestic concerns.
Eurozone private sector growth almost stalled this month, a key survey showed on Tuesday, adding to evidence that the bloc is already feeling economic fallout from the U.S. and Israeli war with Iran, with inflation rising and growth slowing.
China is raising domestic petrol and diesel prices under temporary measures to manage a sharp surge in global oil costs, aiming to support fuel suppliers while maintaining market stability during a period of heightened volatility.
Russia launched drones and missiles overnight on Tuesday at Ukraine, killing at least three people, damaging houses and triggering fires, Ukrainian officials said.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment