EU ready to accept deal to exempt duties on Argentine biodiesel
15.01.2019 10:47 "Agro Perspectiva" (Kyiv) —
The European Commission is willing to accept a deal with producers of Argentine biodiesel to settle a long-running trade dispute over imports of the product into Europe,
Reuters says referring to the EU Commission report.
It is to be admitted, the European Commission is a body overseeing the trade policy within the 28-member European Union.
As to the report, the Commission had communicated to interested parties last week that it was willing to accept undertakings from producers that they would sell at a minimum price.
«This would exclude these producers from possible anti-subsidy duties to be imposed by the European Commission, while restoring the level playing field for European producers,» a Commission spokesperson admitts.
As for the Argentine biodiesel, the Commission has proposed duties of 25.0%-33.4% depending on the companies.
It is to be admitted, the Argentinean exporters include the Argentine arms of Bunge Ltd, Cargill Inc [CARG.UL] and Louis Dreyfus Corp [LOUDR.UL], as well as Molinos Rio de la Plata SA.
«We would be willing to settle for a minimum value,» Luis Zubizarreta, President of the Argentine Chamber of Biofuels (CARBIO), admits.