TheJakartaPost
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While EU authorities would deny that protectionism is the main motive and would point instead to what they deem to be unfair trade practices on Indonesia’s part, the duties in effect protect EU-based steelmakers and rapeseed biodiesel producers.
The Trade Ministry is still considering its next steps in disputes concerning steel and biodiesel, where World Trade Organization rulings in Indonesia’s favor cannot be enforced because of the European Union appeals.
Li, during a visit to Washington in August, had allegedly threatened that "China would unleash chaos on the global system if the US went ahead with our docking fees for Chinese ships", Bessent said in an interview with media outlet CNBC on Wednesday.
In its ruling published on Oct. 2, the WTO has ruled in favor of Indonesia in its stainless steel dispute with the EU after finding that Brussels's countervailing measures were inconsistent with the trade body's SCM Agreement.
