EU hits Argentina, Indonesia with bio-diesel tariffs

Agence France-Presse

7:07 am | Wednesday, May 29th, 2013

BRUSSELS—The European Commission moved on Tuesday to impose provisional anti-dumping duties on bio-diesel from Argentina and Indonesia, which account for some 20 percent of the 12-billion-euro EU market.

The Commission said it took its decision after an investigation found “illegal dumping at below market price of Argentinian and Indonesian bio-diesel on the European market that clearly hurts an EU industry.”

The duties were up to 10.6 percent on imports from Argentina, adding nearly 105 euros per ton to the price, and up to 9.6 percent for Indonesia.

The duties are provisional for six months after which they must be confirmed or amended by the 27 EU member states.

Bio-diesel is made by adding other oils, usually from plants such as palm, to the traditional fuel to make it more environmentally friendly.

Follow Us

Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Short URL: http://business.inquirer.net/?p=124309

Tags: Argentina , dispute , Energy , EU , Indonesia , Trade

Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:

seo tools