Argentina strikes deal to export biodiesel to the EU again
BUENOS AIRES, Argentina (AP) — Argentina says it has struck a deal with the European Union to export biodiesel again to the EU.
The foreign ministry said in a statement Wednesday that the agreement was reached after the government and the Argentine biofuels chamber offered a “commitment on prices and volumes to allow the relaunching of exports.”
The ministry said the deal was approved Wednesday by an EU commission that oversees trade in the 28-member EU. It also said the commission had recommended imposing anti-subsidy duties on Argentine biodiesel imports of between 25 and 33.4 percent.
Members of the Argentine biofuels industry celebrated the announcement and said that in exchange the EU will also impose reduced tariffs on local biodiesel because it still considers the fuel to be subsidized.