Last update: 22.12.2009
Europeans to slap duties on US biodiesel
Source : domesticfuel.com
It’s been building for more than a year, and now, it looks like the war of words between the U.S. and European biodiesel communities will turn into a duty war. This story from CNNMoney says Dow Jones Newswires has obtained a document that says the European Commission will place temporary duties on American biodiesel imported onto the continent starting March 12th, 2009: The decision comes in response to complaints from the European Biodiesel Board, which represents the main producers in the E.U., that a subsidy the U.S. government gives to its biodiesel companies is unfairly harming the E.U. biodiesel market. The EBB said the subsidy, which amounts to $1 per gallon of biodiesel, had encouraged U.S. companies to flood the E.U. market with their biodiesel, driving down prices and forcing E.U. producers to shut down production. The E.U. is by far the world’s largest consumer of biodiesel.
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20 February 2009 |
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Articles in the category 'Legislation' (135 articles)
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