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Last update: 22.12.2009
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EU mulls US biodiesel dumping duties
Source : reuters.com
A key EU trade panel will be asked by the bloc's executive on Tuesday to back anti-dumping and anti-subsidy duties on imports of biodiesel from the United States, which are irritating trade relations with Washington. The European Commission, which oversees trade for the 27-nation bloc, will propose duties on U.S. firms ranging from 26 euros ($32.74) to 41 euros per 100 kg, according to a draft seen by Reuters. Under the proposal Archer Daniels Midland will face duties of 26 euros per 100 kg, CargilL 27 euros per 100 kg, Imperium Renewables 29 Euros per 100 kg, GreeN Earth Energy Fuels 28 per 100 kg and World Energy Alternatives 29 per 100 kg. Peter Cremer North America and most other U.S. biodiesel companies exporting to Europe will pay 41 per 100 kg if the EU's anti-dumping committee of 27 national trade diplomats rubber-stamp the proposal.
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3 March 2009 |
Legislation ::
Biodiesel ::
Europe
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