EBB Will Challenge EU Reduction on Argentinian Biodiesel Duties
(Biofuels International) The European Union is lowering import duties on Argentinian biodiesel after the World Trade Organisation (WTO) ruled against initial measures taken against cheap imports from the South American country, Reuters reports.
The European Biodiesel Board, an EU producer group, is now preparing to put together a new challenge against the cheap imports, according to Reuters.
The reduced rates will apply to imports from the Argentinian biodiesel exporters Bunge, Cargill and Louis Dreyfus, as well as Molinos Rio de la Plata.
Olivier Prost, a lawyer representing the European Biodiesel Board (EBB), told Reuters that the group would ask the Commission to consider Argentina’s imposition of an export duty on soybeans, a biodiesel feedstock, as illegal.
“What we are going to do is probably launch a type of proceeding to challenge the distortions that result particularly from the differential export tax,” he said.
The EBB is a non-profit organisation of biodiesel producers. READ MORE
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