LONDON -- The EU has imposed provisional anti-dumping duties on biofuels imported from Argentina and Indonesia, its largest biodiesel suppliers, following a complaint by the European Biodiesel Board (EBB).
The duties were set between 6.8 and 10.6 percent for soybean-based imports from Argentina, and between zero and 9.6 percent for palm-oil based Indonesian imports. The EBB has welcomed the provisional duties “as a first positive step,” but hopes for “higher duties to counter unfair biodiesel imports” from the two countries.
Argentina has filed a complaint with the World Trade Organization (WTO) over the duties. The Argentina Chamber of Biofuels (CARBIO) called the measures protectionist, stating that “the production of soybean biodiesel in Argentina...meets all the requirements set by the EU, which is why the Argentine industry is the biggest supplier to Europe and is a strategic partner of the EU to promote increased use of renewable energies."
"The best way to promote the use of renewable energy is free and open markets, without protectionist practices that benefit only a few companies, hurting all consumers and the environment,” CARBIO said. Argentina says its biofuel producers are currently running at half-capacity because of the duties.
The EU has 60 days to assess the complaint and take action, after which the WTO could be called to adjudicate. Indonesia has said it may also file a WTO complaint in relation to the duties.
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