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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U.S. Raises Argentinian Biofuel Import Duties (Reg & Leg)
US Dept. of Commerce
Reuters is reporting that
Argentine biofuel producers have threatened to halt exports to the U.S. after the U.S. Commerce Department's Tuesday decision to impose countervailing duties of up to 64.17 pct on Argentinian biofuel imports into the U.S.
Imports, mostly from Argentina, made up nearly half of U.S. biodiesel consumption of 2 billion gallons in 2016. Argentinian biodiesel imports were valued at $1.2 billion, according to the U.S. Commerce Department data.
The increased duty on imports would likely boost U.S. prices and encourage U.S. domestic biofuel production. (Source: Successful Farming, US Dept. of Commerce, Reuters, 23 Aug., 2017)
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Argentine, Indonesian Biodiesel Dumping Charge Investigated (Int'l)
National Biodiesel Board
In the nation's capitol, the U.S. Department of Commerce (DoC) reports it is formally initiating anti-dumping and countervailing duty investigations of biodiesel imports from Argentina and Indonesia. The action follows a petition that was filed with the U.S. Department of Commerce and the U.S. International Trade Commission (ITC) on behalf of the National Biodiesel Board (NBB) Fair Trade Coalition, which is made up of the NBB and U.S. biodiesel producers.
According to the NBB, Argentine and Indonesian companies are violating trade laws by flooding the U.S. market with dumped and subsidized biodiesel, and are injuring American manufacturers and workers.
Biodiesel imports from Argentina and Indonesia surged by 464 pct from 2014 to 2016 and taken 18.3 pct of market share from U.S. manufacturers.
According to the Commerce Department there is evidence that dumping margins could be as high as 26.54 pct for Argentina and 28.11 pct for Indonesia.
(Source: NBB, April, 2017) Contact: NBB, (573) 635-7913, firstname.lastname@example.org, www.nbb.org
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NBB Files Biodiesel Anti-dumping Petitions (Int'l, Ind. Report)
ational Biodiesel Board
The National Biodiesel Board (NBB) reports it has filed an anti-dumping and countervailing duty petition with the U.S. Commerce Department and International Trade Commission against Argentina and Indonesia for flooding the U.S. market with subsidized biodiesel.
According to NBB data, the dumping margins for Argentina is at 23 pct and Indonesia at 34 pct. (Source: NBB, WNAX Radio, 27 Mar., 2017)Contact: National Biodiesel Board, Donnell Rehagen, CEO, (202) 737-8801, www.biodiesel.org
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