# EU to investigate alleged Indonesian biodiesel import tax evasion - Fastmarkets

> The European Commission opened an investigation into suspected evasion of EU countervailing duties on Indonesian biodiesel routed through China and the UK. The probe followed a request from the European Biodiesel Board, and Indonesia has filed a WTO complaint.

- Date: 2023-08-26 · published 2023-08-26T12:00:00.000Z
- Category: trade · region EU · magnitude medium
- Page: https://feedsoft.ai/events/15712-eu-to-investigate-alleged-indonesian-biodiesel-import-tax-evasion-fastmarkets
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Enforcement against trade circumvention could reduce Indonesian biodiesel flows into Europe, weakening demand for palm oil used in biodiesel.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2023-08-17 | [EU starts probe on Indonesian biodiesel avoiding import duties](https://feedsoft.ai/events/15710-eu-starts-probe-on-indonesian-biodiesel-avoiding-import-duties.md) | +0.1% | -1.3% |
| PALMOIL | 2019-07-25 | [EU plans to impose import duties on Indonesia biodiesel \| The Star](https://feedsoft.ai/events/57980-eu-plans-to-impose-import-duties-on-indonesia-biodiesel-the-star.md) | +0.2% | +8.1% |
| PALMOIL | 2017-11-21 | [Biodiesel Producers in Indonesia Looking for New Export Markets \| Indonesia Investments](https://feedsoft.ai/events/67865-biodiesel-producers-in-indonesia-looking-for-new-export-markets-indonesia.md) | +0.0% | -5.0% |
| PALMOIL | 2017-10-18 | [Awaiting Final US Ruling over Indonesia's Alleged Biodiesel Dumping \| Indonesia Investments](https://feedsoft.ai/events/68337-awaiting-final-us-ruling-over-indonesia-s-alleged-biodiesel-dumping-indonesia.md) | +0.3% | +1.4% |
| PALMOIL | 2017-05-24 | [NBB testifies on damage done by Indonesian biodiesel imports - Biofuels International Magazine](https://feedsoft.ai/events/70906-nbb-testifies-on-damage-done-by-indonesian-biodiesel-imports-biofuels.md) | -0.7% | -4.8% |

## Sources

- fastmarkets.com: https://www.fastmarkets.com/insights/eu-to-investigate-alleged-indonesian-biodiesel-import-tax-evasion/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.