European Commission launches investigation into allegations of Chinese biodiesel dumping
If dumping is confirmed and is found to be harming EU producers, the Commission may impose measures (typically duties on imports) to remedy the effects of the unfair trading if such measures are in the EU’s interest. The EU market in biodiesel is worth €31 billion annually, providing a renewable alternative to fossil fuels in the EU’s transport sector and improving the EU’s security of energy supply.
The launch of the anti-dumping investigation is based on a complaint by EU biodiesel producers. EU producers have submitted evidence of biodiesel imports from China coming into the EU at artificially low prices and claim that these imports are seriously harming their industry because they cannot compete with such low prices.
Tags: Belgium, biodiesel, European Commission
Category: Policy