Wednesday, August 21, 2019
No menu items!
Advertisement
  • Europe

EU imposes duties on Indonesian bio diesel

Featured

Renewable energy can bring billions of dollars in Midwest and Great Lakes region

Applying current renewable energy standards, ten states in the Midwest and the Great Lakes region of the United States...

China complains on Twitter and Facebook closures

China is facing Twitter and Facebook accounts blocking after criticism on protests in Hong Kong. Chinese citizens and students...

EU will not re-negotiate Brexit with Britain

Finland's Prime Minister Antti Rinne has told Boris Johnson that the European Union EU will not re-negotiate the Brexit...

The European Union (EU) imposes import duties on subsidized bio diesel from Indonesia to create more competition for EU producers, authorities said yesterday.

The European Commission imposes a temporary duty of between eight and 18 per cent, but warns it will impose permanent duty, by the end of the year.

“The commission’s investigation found that Indonesian bio diesel producers received grant benefits, tax benefits and access to raw materials at market prices.

“It poses a threat of economic damage to EU producers,” the commission said.

He said investigations focused on possible subsidies for bio diesel production either involving palm oil or other rare-used raw materials.

The EU biodiesel market is worth about nine billion euros a year with imports from Indonesia amounting to 400 million euros.

Palm oil is the most widely used vegetable oil in the world and is an important ingredient in a wide range of products from food to cosmetics.

Read also: European Union to impose more taxes on US technology companies

Latest News

Australian High Priest George Pell fails to appeal in sexual misconduct case

A court in Australia Wednesday upheld the jail sentence of High Priest and former Vatican treasurer George Pell for...

Australia to join US-led mission in the Strait of Hormuz

Australia will join a US-led mission to protect shipping lines along the Hormuz Strait as tensions with Iran escalate, Prime Minister Scott Morrison said...

Saudi Arabian new passport rules comes into force

Saudi Arabia has begun enforcing regulations that allow women over the age of 21 to apply for a passport and travel abroad without the...

Disney to unveil video streaming service on Apple and Google platforms in November

Walt Disney will launch the Disney plus video streaming service in Canada and the Netherlands on November 12, while Australia and New Zealand will...

Johnson: India and Pakistan should settle Kashmir issue through dialogue

British Prime Minister Boris Johnson said in a telephone conversation Tuesday with his Indian counterpart Narendra Modi that India and Pakistan should settle the...

Related News