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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.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Snapchat will start charging users who store more than 5GB of photos and videos in its Memories feature, prompting backlash from long-time users.
President of Ukraine Volodymyr Zelenskyy met King Charles III at Windsor Castle on 24 October, ahead of a series of talks in London with European leaders about continued military support and Ukraine’s peace efforts amid the ongoing war with Russia.
Uzbekistan and the European Union (EU) are set to sign a new Enhanced Partnership and Cooperation Agreement (EPCA), marking a major step in bilateral relations and placing Uzbekistan among the EU’s closest partners in Central Asia.
Turkish President Tayyip Erdoğan said the United States and others must do more to push Israel to stop violating the Gaza ceasefire agreement, including the possible use of sanctions or halting arms sales.
Southeast Asian leaders and global partners, including U.S. President Donald Trump, will gather in Kuala Lumpur from 26 to 28 October to discuss trade, regional conflicts and global security, with East Timor set to join ASEAN as its 11th member.
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