Europe looks into dumped Argentine, Indonesian biodiesel imports
Upon a July 17 complaint lodged by the European Biodiesel Board, the European Commission initiated antidumping proceedings Aug. 29 on imported biodiesel from Argentina and Indonesia.
“The allegation of dumping from the countries concerned is based on a comparison of the domestic price with the export price (at ex-works level) of the product under investigation when sold for export to the Union,” stated the Official Journal of the European Union. The EC will look into harm the alleged dumped biodiesel imports have caused to the European industry. The results may lead to tariffs on biodiesel exports to Europe from product originating in Argentina and/or Indonesia.
The investigation must be concluded within 15 months, and sanctions, if any, must be imposed within 9 months.
The news follows a series of events that led to Spain closing its ports to Argentine biodiesel, a major outlet for the Latin American country’s industry. Argentina also raised its biodiesel export taxes from 20 to 32 percent, and recently filed a complaint with the World Trade Organization over Spain’s protectionist measures.
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