Reuters reported that Indonesian Trade Ministry’s senior official Mr Djatmiko Bris Witjaksono, explaining the country’s decision to complain to the World Trade Organisation, has said that the European Union’s anti-dumping tariffs on Indonesian stainless steel had cut exports severely, He told Reuters “The EU policy is not in line with WTO rules. Indonesian exports to the EU was around half a billion dollars annually and these had reduced the competitiveness of Indonesian products” He told “After the first implementation of the anti-dumping duties, Indonesia’s shipments to the EU dropped to around USD 229 million in 2021. Following the additional anti-subsidy duty, they shrank further to around USD 40 million in January-November of 2022.” The WTO had announced last week that Indonesia has requested dispute consultations with the EU regarding the anti-dumping duties. The EU last year imposed an anti-subsidy duty of 21% on imports of stainless steel cold-rolled flat products from Indonesia, which came on top of anti-dumping duties imposed in November 2021, ranging between 10.2% and 20.2%. The EU Commission said the bloc imposed the tariffs to counter unfair state-sponsored subsidies, which it said involved preferred financing from China and Indonesia’s ban of nickel ore exports. Indonesia had banned exports of unprocessed nickel ore from 2020 to attract investment into developing a downstream industry at home. The WTO last year ruled in favor of the EU in a dispute over the ban. Indonesia is appealing.
Reuters reported that Indonesian Trade Ministry’s senior official Mr Djatmiko Bris Witjaksono, explaining the country’s decision to complain to the World Trade Organisation, has said that the European Union’s anti-dumping tariffs on Indonesian stainless steel had cut exports severely, He told Reuters “The EU policy is not in line with WTO rules. Indonesian exports to the EU was around half a billion dollars annually and these had reduced the competitiveness of Indonesian products” He told “After the first implementation of the anti-dumping duties, Indonesia’s shipments to the EU dropped to around USD 229 million in 2021. Following the additional anti-subsidy duty, they shrank further to around USD 40 million in January-November of 2022.” The WTO had announced last week that Indonesia has requested dispute consultations with the EU regarding the anti-dumping duties. The EU last year imposed an anti-subsidy duty of 21% on imports of stainless steel cold-rolled flat products from Indonesia, which came on top of anti-dumping duties imposed in November 2021, ranging between 10.2% and 20.2%. The EU Commission said the bloc imposed the tariffs to counter unfair state-sponsored subsidies, which it said involved preferred financing from China and Indonesia’s ban of nickel ore exports. Indonesia had banned exports of unprocessed nickel ore from 2020 to attract investment into developing a downstream industry at home. The WTO last year ruled in favor of the EU in a dispute over the ban. Indonesia is appealing.
