TRA proposes measure on Argentinian biodiesel is maintained
Buenos Aires, November 8, 2024 – The Trade Remedies Authority (TRA) today proposed maintaining the anti-dumping duty on biodiesel imports from Argentina. The measure was initially imposed in 2022 in response to a complaint from the European Biodiesel Producers Association (EBB).
The TRA’s investigation found that Argentinian biodiesel was being dumped in the EU market at prices below its normal value. This caused material injury to the EU biodiesel industry, in the form of lost sales, market share, and profits.
The proposed measure would maintain the anti-dumping duty at the current level of 24.6%. The measure would apply for a period of five years.
The TRA will now seek feedback from interested parties on the proposed measure. The public consultation period will end on December 8, 2024.
Background
The EU is the world’s largest importer of biodiesel. In 2022, the EU imported over 15 million tonnes of biodiesel, of which Argentina was the largest supplier.
The EBB filed a complaint with the TRA in 2022, alleging that Argentinian biodiesel was being dumped in the EU market at prices below its normal value. The TRA initiated an investigation and found that the allegations were well-founded.
The TRA imposed an anti-dumping duty on Argentinian biodiesel in 2022. The duty was set at a level of 24.6%.
The Argentinian government has protested the anti-dumping duty. The government claims that the duty is unfair and that it is damaging the Argentinian biodiesel industry.
The TRA is an independent body that investigates allegations of unfair trade practices. The TRA makes recommendations to the European Commission, which is responsible for taking final decisions on trade measures.
Contact
For more information, please contact:
Trade Remedies Authority 101 Rue Froissart 1040 Brussels Belgium
Tel: +32 2 299 43 00 Fax: +32 2 299 43 01 Email: trade.remedies@ec.europa.eu
TRA proposes measure on Argentinian biodiesel is maintained
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