The European Union will maintain its tariffs on US biodiesel for another five years after concluding that abolishing them would likely lead to an increase in imports at artificially low prices.
The tariffs from 2009 will be extended until 2026, the EU Official Journal announced today.
The European Commission reviewing the case concluded that US manufacturers could fully expand their capacities and also redirect sales of some of their exports from less profitable markets to the European Union, the largest market in the world.
It was said that US manufacturers were already selling in third countries at prices below those in the United States, which means they were subsidized.
It is said that US producers benefit from subsidies, including tax credits, grants, and loan guarantees.
Anti-dumping duties range from zero to 198.0 euros per tonne and tariffs related to subsidies from 211.2 to 237.0 euros per tonne. The duties are not cumulative, so the higher of the two duties applies.
They continue to be imposed on a number of companies including Archer Daniels Midlands Co ADM.N and Cargill.
Source
Hansa Terminhandel GmbH
