JAKARTA, March 7 (Reuters) - Indonesia's trade ministry said on Saturday that the government will file a suspension-of-concessions request against the European Union at the World Trade Organization's (WTO's) dispute settlement body, citing the block's failure to meet a WTO ruling in a palm oil case.
Here are the details:
* "This step is taken after the EU could not meet thedeadline to adjust its policy or was not fully compliant withthe ruling and recommendation of the palm oil dispute settlementbody," Trade Minister Budi Santoso said in a statement. * The suspension of concession will be focused on trade ingoods, Budi said, adding that the government has not ruled outconcession suspension in other sectors. * "We will ensure that the losses are thoroughly calculatedand the cases are handled effectively, while maintainingbilateral relations with the EU," Budi said. * In 2025, a WTO panel found largely in favour of the EU ina case brought by Indonesia against the bloc's restrictions onpalm oil-based biofuel. * The panel ruled that palm oil-based diesel would not beconsidered a biofuel and its use in transport fuel wouldeffectively be phased out between 2023 and 2030. However, thepanel did find fault in the way the EU had prepared, publishedand administered its measures.
(Reporting by Bernadette Christina; Editing by Himani Sarkar)
