EU Proposes Restoring Anti-Subsidy Duties on Argentine Biodiesel-Document

The European Commission has proposed reinstating anti-subsidy duties on imports of Argentine biodiesel after massive shipments of cheap biodiesel from Latin America into the European Union threatened its industry, an EU document seen by Reuters shows.
Wednesday, December 5, 2018

The plan follows an investigation requested by EU producers of fuels made from vegetable and recycled oil, which have been hit hard by cheap imports since the EU slashed duties last year in response to a ruling by the World Trade Organization.

The proposal needs to be approved by EU member states.

The European Commission decided not to reinstate provisional import tariffs on Argentine biodiesel in September, though it considered imports were subsidised and a threat to the EU industry, saying it needed to collect further information.

"On the basis of the conclusions reached by the Commission...a definitive countervailing duty should be imposed to prevent the materialisation of the imminent threat of material injury caused to the Union industry by the subsidised imports," the Commission said in its proposal.

All rights reserved.