EU targets shipments of Argentine biodiesel

05/12/2018 12:00 - 24 total view

Imports of Argentine biodiesel could soon be subject to anti-subsidy duties, based on a proposal tabled by the European Commission. The aim is to protect EU producers.

According to an EU document seen by the Reuters news agency, massive shipments of cheap biodiesel from Latin America entered the the European Union, threatening the bloc’s industry. This was revealed by an investigation requested by EU producers which have been hit hard by imports since the EU scrapped duties last year.

The proposal needs to be approved by EU member states.

According to Reuters, the European Commission decided not to reinstate provisional import tariffs on Argentine biodiesel in September, though it considered imports were subsidized and a threat to the EU industry, saying it needed to collect further information.
December 5, 2018
Source: European Interest