Biodiesel Exports Threatened to Drop
The US Department of Commerce (USDOC) decided to impose an countervailing duty of 34.45 percent - 64.73 percent on Indonesian biodiesel.
JAKARTA, KOMPAS — Indonesia’s biodiesel exports to the United States has declined and are threatened to stop altogether. This occurred after the US Department of Commerce (USDOC) decided to impose an countervailing duty of 34.45 percent - 64.73 percent on Indonesian biodiesel.
The government considers the US Department of Commerce’s decision to be overprotective and has asked the US to review it.
In a press release on Sunday (19/11), the Trade Ministry noted that 2016 biodiesel exports to the US was US$255.56 million and contributed to 89.19 percent of total biodiesel exports. However, Indonesia’s biodiesel exports to the US have stopped completely in 2017 because of this subsidy allegation.