EU extends import duties on U.S. biodiesel to 2020
September 15, 2015
By Reuters/Philip Blenkinsop
September 15, 2015 - The European Union is extending anti-dumping and anti-subsidy duties imposed on U.S. biodiesel imports for a further five years, until September 2020, maintaining its defence against trade in the renewable fuel source.
The bloc set the duties in 2009 on a number of U.S. producers of biodiesel, including Archer Daniels Midland Co. and Cargill Inc., effectively bringing to a halt $1 billion in annual trade.
The EU decided there was still a risk of harm if the duties were lifted and so chose to extend them, an official EU journal stated on Tuesday.
At issue was a U.S. tax credit of $1 per gallon of biodiesel produced, which the European Commission judged was harming European producers.
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