The EU biodiesel market is worth an estimated 9 billion euros ($13.5 billion) a year, with imports from Indonesia worth about 400 million euros, the European Commission said.
(Dec 10): The European Union confirmed tariffs on Indonesian biodiesel imports on Monday to counter what it sees as unfair subsidies, the latest blow to producers after the bloc ruled that palm oil should be phased out of renewable transport fuels.
In the conclusion to a case that has lasted seven years, the duties, which normally remain in place for five years, have been set at between 8% and 18%, the same level as the provisional rates proposed by the EU in August.
