Minister of Trade Enggartiasto Lukita said as much from Islamabad, Pakistan, on Friday (26/1).
"This is clearly a comprehensive victory for Indonesia that will of course swing open wide the doors of market access and reenergize export performance of biodiesel to the EU for Indonesian producers after it had previously been depressed by the imposition of anti-dumping duties on the product," the minister said as quoted from the Ministry of Trade's official website.
The EU has been imposing anti-dumping duties on Indonesian biodiesel since 2013, with a dumping margin of 8.8%-23.3%.
Since then, exports of Indonesian biodiesel to the EU have declined.
According to statistics from the Central Statistics Agency (BPS), in the period from 2013 to 2016 Indonesian biodiesel exports to the EU declined by 42.84%, from $649 million in 2013 to $150 million in 2016.
The lowest value for biodiesel exports from Indonesia to the EU occurred in 2015, when they were only worth $68 million.
This victory has given Indonesian biodiesel exporters/producers hope.
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