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Argentina Calls EU Biodiesel Import Tariff ‘Protectionist’ Move
18/06/2015 10:28
Argentina called the European Union’s decision to impose tariffs on its biodiesel an act of protectionism meant to close the market off to “more efficient producers.”
The statement, published today on the Foreign Ministry’s website, follows the 27-nation bloc’s decision to impose duties on Argentinian and Indonesian exporters of biodiesel for allegedly selling the fuel below cost, a practice known as dumping.
“The measure is due to the inability of European producers to compete with more efficient producers,” the Foreign Ministry said in the statement. It is a “protectionist decision that lacks technical justification.”
EU producers including Verbio AG (VBK) in Germany, DiesterIndustrie SAS in France and NovaolSrl in Italy suffered “material injury” as a result of dumped imports from Argentina and Indonesia, the European Commission, the 27-nation bloc’s trade authority in Brussels, said today in the Official Journal.
The statement, published today on the Foreign Ministry’s website, follows the 27-nation bloc’s decision to impose duties on Argentinian and Indonesian exporters of biodiesel for allegedly selling the fuel below cost, a practice known as dumping.
“The measure is due to the inability of European producers to compete with more efficient producers,” the Foreign Ministry said in the statement. It is a “protectionist decision that lacks technical justification.”
EU producers including Verbio AG (VBK) in Germany, DiesterIndustrie SAS in France and NovaolSrl in Italy suffered “material injury” as a result of dumped imports from Argentina and Indonesia, the European Commission, the 27-nation bloc’s trade authority in Brussels, said today in the Official Journal.
May 28, 2013 7:53 PM GMT
By Stephan Nielsen
Source: Bloomberg.com
By Stephan Nielsen
Source: Bloomberg.com
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