EU imposes steep tariff on Argentine, Indonesian biodiesel
In the EU, the European Commission has laid a 10.6-percent tariff on Argentine and Indonesian biodiesel, said to counteract anti-dumping activities, but Argentina says that the six-month measure represents a “protectionist decision that lacks technical justification” and added that “the measure is due to the inability of European producers to compete with more efficient producers.” Under EU rules, the tariff, after six months, can be extended for up to an additional five years.
Meanwhile, Argentina has filed a complaint with the World Trade Organization over a decision by Spain to block all imports of Argentine biodiesel — a decision which closely followed Argentina’s decision to nationalize Repsol’s interests in YPF and create a wholly-owned state energy company.
Category: Fuels
