EUROPEAN COMMISSION TO DROP ANTI DUMPING DUTIES ON ARGENTINE BIODIESEL BY SEPTEMBER 28

The European Commission
will by September 28 cut anti-dumping duties on Argentine bio diesel imports to between 4.5% and 8.1% from the 22% and 25.7% levels set in November 2013 following a World Trade Organization ruling in October 2016. The WTO that said the duties were too high and led to Argentina losing $1.3 billion in sales annually. The Argentine industry
is breathing a sigh of relief, thanks to regaining market access to Europe but the European industry worries that moving in the opposite direction as the United States who just imposed even higher tariffs than the EU had put the market at risk of absorbing excess availability.

source: biofuelsdigest.com

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