NBB warns against Argentine market distortion ahead of bilateral meeting

October 31, 2017 |

In Missouri, ahead of a meeting Nov. 1 between the U.S. and Argentine governments on biodiesel imports, the National Biodiesel Board’s CEO Donnell Rehagen issued the following statement:

“From the beginning, the U.S. biodiesel industry has expressed a willingness to work out our differences with the government of Argentina—but the market distortion has to end. The primary issues that led to the coalition filing the case were the differential export taxes (DETs), which distort the market here in the United States, and dumped prices. When the government of Argentina meets with U.S. officials tomorrow regarding these biodiesel import cases, they have an opportunity to show real progress on ending these harmful DETs and eliminating the dumping. Absent that, there’s nothing for us to look at or to negotiate.”

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