EU PROTECTIVE DUTIES PROVOKE IRE IN ARGENTINE BIOFUEL SECTOR
May 1st, 2013
is traditionally a major supplier of biodiesel to the European Union (EU) market, but trade flows have reduced sharply in the past year and could fall further with an anti-dumping duty soon expected. An additional anti-subsidy countervailing duty may also be imposed on the Southern Cone nation. The unusual imposition of parallel protective duties follows a European Commission probe of the Argentine government, which it says forces the country’s feedstock producers to sell to domestic biodiesel manufacturers. The result is a glut of Argentine biodiesel, pushing ...
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