Last update: 22.12.2009
EU nations slap duties on US biodiesel
Source : afp.google.com
European Union nations decided Tuesday to impose anti-dumping duties on US biodiesel imports, which are suspected to be heavily subsidised, an EU diplomat said Tuesday. The proposal, by the European Commission, was adopted by the 27-country bloc's finance ministers at a meeting in Brussels, the diplomat said, on condition of anonymity. The duties, to come into force by July 12, range from 23 euros (32 dollars) to 41 euros per 100 kilogrammes (160 pounds) and would last for up to five years. The stakes are high as biodiesel represents around 80% of the total production in Europe of biofuels, which have become an important pillar of the EU's efforts to fight global warming.
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12 July 2009 |
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