EUROPEAN COMMISSION PREPARES TO RECOMMEND PROTECTIVE DUTIES ON US BIODIESEL
June 1st, 2008
BY KEITH NUTHALL
THE PRICE of American biodiesel exports to the European Union could rise in future. The European Commission has launched a formal investigation into fears America is unfairly subsidising its biodiesel producers, accused of also exporting fuel at below cost-price, damaging EU producers. If Brussels concludes this is the case, it may propose protective anti-dumping and countervailing tariffs.
ENDS
THE PRICE of American biodiesel exports to the European Union could rise in future. The European Commission has launched a formal investigation into fears America is unfairly subsidising its biodiesel producers, accused of also exporting fuel at below cost-price, damaging EU producers. If Brussels concludes this is the case, it may propose protective anti-dumping and countervailing tariffs.
ENDS
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