The UK’s Trade Remedies Authority (TRA) has begun a transition review of the countervailing duty imposed on biodiesel imports from Indonesia. This measure, inherited from the European Union, is set to expire on December 10, 2024.
The TRA’s review will assess the effectiveness of the duty in shielding UK biodiesel producers from unfair trade practices, specifically subsidies provided to Indonesian biodiesel producers. The review will cover imports between October 1, 2023, and September 30, 2024.
Currently, the duty on biodiesel imports from Indonesia ranges from 8% to 18%.
Businesses potentially impacted by this measure are encouraged to register their interest by December 23, 2024. Parties that register after this deadline may not be able to fully participate in the review process.
**Background Information**
– The TRA is the UK’s independent body tasked with investigating and recommending remedies for unfair trade practices.
– Countervailing duties aim to neutralize the effects of government subsidies that harm domestic industries.
– This review is part of the UK’s post-Brexit trade framework, allowing the TRA to evaluate inherited EU measures and their relevance to the UK market.
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