EU Slams Indonesian Biodiesel with 18 pct Duties (Int'l.)
EU, EC, Indonesian Biodiesel
Meeting in Brussels, the European Commission (EC), which coordinates European Union (EU) trade policy, is reporting the imposition of conditional countervailing duties of 8 to 18 pct on imports of subsidised biodiesel from Indonesia, The duties will run until Dec, 2019, at which time they will be reviewed and possibly definitively imposed, according to an EC statement.
The EU applied its duties in response to European Biodiesel Board complaints that Indonesian biodiesel producers benefit from grants, tax benefits and access to raw materials at lower than markets prices. The EU annual biodiesel market is reportedly valued at €9 billion with Indonesia accounting for roughly €400 million. (Source: EU, EC, euronews, Reuters, 13 Aug., 2019)Contact: European Commission, www.ec.europa.eu/commission/index_en
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US Increases Argentinian Biodiesel Import Duties (Reg & Leg)
U.S. Commerce Department
In Washington, the U.S. Department of Commerce reports it is levying additional import duties on Argentinian and Indonesian biodiesel imports adding anti-dumping duties of 60.44 pct to 276.65 pct to existing duties on the fuels. The increase is subject to
a second ruling by the U.S. International Trade Commission on April 6 on whether U.S. biodiesel producers were injured by dumped imports from the two countries. But the independent panel has already found in the subsidy cases that the imports caused such injuries.
The latest duties come just two weeks after a budget deal in the U.S. Congress reinstated a $1 per gallon biodiesel tax credit, which is expected to improve profitability for domestic producers.
(Source: U.S. Commerce Department, MecoPress, 23 Feb., 2018) Contact: U.S. Department of Commerce, www.commerce.gov Department
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