The European Union dropped a threat to impose anti-subsidy tariffs on Argentinian and Indonesian biodiesel after approving five-year levies to counter below-cost, or “dumped,” imports from both countries.
The EU closed a probe into whether Argentinian and Indonesian biodiesel exporters receive trade-distorting government aid. The step removes the possibility of anti-subsidy duties by the 28-nation bloc on imports of biodiesel from Argentina and Indonesia.
The European Biodiesel Board withdrew its subsidy complaint on Oct. 7, the European Commission, the EU’s trade authority in Brussels, said today in the bloc’s Official Journal. The commission opened the subsidy inquiry in November 2012 as a result of the biodiesel producer group’s complaint.