us urged to slap duties on biodiesel from argentina indonesia
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

US urged to slap duties on biodiesel from Argentina, Indonesia

Arab Today, arab today

Arab Today, arab today US urged to slap duties on biodiesel from Argentina, Indonesia

Traffic pass by a sign displaying prices for Unleaded Petrol and Diesel
Washington - Arab Today

US biodiesel producers on Thursday asked the government to impose antidumping duties on imports of biodiesel from Argentina and Indonesia that it says have flooded the US market and violated trade agreements.
The move by the National Biodiesel Board (NBB) trade group comes after two years of tension between US and foreign producers over soaring imports that the group says have threatened the profitability of domestic producers.
“Our goal is to create a level playing field to give markets, consumers and retailers access to the benefits of true and fair competition,” NBB Chief Executive Officer Donnell Rehagen said in a statement.
The NBB filed its request with the US Department of Commerce and US International Trade Commission (ITC) on behalf of US biodiesel producers.
The Advanced Biofuels Association (ABA), a rival trade group, said the allegations of illegal dumping were untrue. The group includes Louis Dreyfus Co., which makes biodiesel in Argentina, and Wilmar International Ltd., a maker of biodiesel in Indonesia.
“The members of the ABA vehemently oppose this action and expect these petitions’ rejections,” Michael McAdams, president of the group, said in a statement.
The NBB has sought to stymie imports since the US Environmental Protection Agency (EPA) in 2015 allowed Argentine biodiesel imports to qualify for US tax credits as part of the Renewable Fuel Standard (RFS).
Total US imports rose to a record 916 million gallons (3.5 billion liters) in 2016, according to US government data published this week. Argentina represented about two-thirds of US foreign imports, followed by Indonesia and Canada.
Total US demand is 2 billion gallons for the fuel, made mostly from vegetable oils.
The NBB said biodiesel imports from Argentina and Indonesia rose 464 percent from 2014 to 2016 due to “illegal trade activities.”
The petition claims Argentine biodiesel is dumped at about 23 percent below market values and that Indonesian biodiesel is sold around 34 percent below. Dumping is aimed at gaining market share.
Should the Commerce Department agree with these claims, it would levy preliminary antidumping duties in these percentages on the imported products. Any duties would need to be upheld by the ITC and an affirmative decision would lock them in place for five years.
A NBB spokeswoman said the petition was in the works prior to the election of President Donald Trump, who has taken a protectionist stance on business practices.
Argentina’s biodiesel association Carbio rebuffed the dumping accusations, saying the NBB used a definition of dumping that had been rejected by the World Trade Organization (WTO).
Argentina’s Production Ministry, which includes the under-secretariat for international trade, noted that the request came from the private sector.
“It does not mean the government will apply the measure,” Gaston Sandler, a spokesman for the ministry said.
The US Department of Commerce and Argentina’s agriculture and foreign ministries did not respond to requests for comment.
Oke Nurwan, Indonesia’s director-general of foreign trade, said in Jakarta that the world’s top palm oil producer would “not be silent” on the matter, but would work with associations and businesses to address the issue.
“If the US government approves the recommendation, the Indonesian government will cooperate and provide data required to prove that the producers’ accusations are incorrect,” Nurwan said via a text message.
He said Indonesia had taken a similar approach with EU anti-dumping duties, which it is challenging via the WTO.

Source: Arab News

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us urged to slap duties on biodiesel from argentina indonesia us urged to slap duties on biodiesel from argentina indonesia

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us urged to slap duties on biodiesel from argentina indonesia us urged to slap duties on biodiesel from argentina indonesia

 



GMT 23:17 2016 Wednesday ,23 November

Egyptian women's football team defeats Zimbabwe 1-0

GMT 02:33 2017 Tuesday ,26 September

US will go to Pyeongchang, confident in security, safety

GMT 17:39 2016 Sunday ,16 October

Wrong intel ‘led to Sanaa strike’

GMT 08:24 2016 Thursday ,31 March

Argentine Senate to vote

GMT 05:12 2017 Wednesday ,22 March

EU deplores ‘surreal’ stand by US on world trade

GMT 10:22 2017 Wednesday ,18 October

Britain's MI5 says running over 500 terror probes

GMT 14:36 2017 Saturday ,19 August

Queen of Soul Aretha Franklin moving back

GMT 19:33 2016 Wednesday ,10 August

BMW Korea to Recall Nearly 12,000 Cars in South Korea

GMT 21:52 2017 Thursday ,27 July

Sara Malocco PR handles Giovanni Raspini

GMT 13:48 2017 Sunday ,15 October

Bahrain to host eCommerce Forum/Exhibition 2017

GMT 18:50 2017 Monday ,01 May

Ukraine clings to nuclear power

GMT 14:45 2017 Tuesday ,28 November

Kids the bait in football shark pool

GMT 15:36 2017 Wednesday ,23 August

BNA holds training workshop

GMT 16:43 2017 Tuesday ,28 November

South Africa's new export is Miss Universe

GMT 11:40 2012 Monday ,16 January

Wassouf still struggles with brain stroke

GMT 14:23 2018 Friday ,30 November

Saudi Arabia pledges $50 million to UNRWA

GMT 20:45 2017 Saturday ,15 April

Japan: it must remain on alert over N. Korea

GMT 10:35 2016 Thursday ,25 February

New members of Abu Dhabi Executive Council sworn in
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday