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Montevideo, November 15th 2018 - 10:52 UTC

WTO confirms ruling in favor of Argentina in biodiesel imports dispute with EU

Saturday, October 8th 2016 - 09:59 UTC
Full article 6 comments
Argentina, world's top producer of biodiesel, which it makes from soybean oil, in 2013 challenged before the world trade court tariffs imposed by EU Argentina, world's top producer of biodiesel, which it makes from soybean oil, in 2013 challenged before the world trade court tariffs imposed by EU

The World Trade Organization confirmed on appeal on Thursday its ruling partially in favor of Argentina in its dispute with the European Union over duties the bloc imposes on imported biodiesel.

Argentina, the world's top producer of biodiesel, which it makes from soybean oil, in 2013 challenged before the world trade court tariffs that the EU imposed to guard against “dumping” of fuel at cut-rate prices.

In April, the WTO found fault with the EU's calculation of production costs in Argentina, but also rejected some claims of mistreatment leveled by Buenos Aires.

Both sides appealed the ruling, but the WTO's appellate body let it stand. Once the ruling becomes official in 30 days, the EU will have to inform the WTO how it plans to bring its measures into line.

The EU had argued that domestic tax breaks allowed Argentine producers to sell biodiesel at artificially low prices, which it said put European producers at an unfair disadvantage.

The EU responded by hitting Argentine biodiesel with a 24.6% tax, which had been due to remain in place for five years.

Top Comments

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  • Skip

    This can't be right!

    According to our resident “genius” Nostrils, Argentina is ALWAYS treated unfairly and to double-standards.

    Always!

    Oct 08th, 2016 - 11:44 am +1
  • ChrisR

    @ 1 Skip

    Well I think the ruling is totally unfair.

    Argentina should be banned completely!

    Oct 08th, 2016 - 07:41 pm +1
  • Don Alberto

    Yep, The Great “Malvinas” Myth ranks with the “fact” that Argentina has less poverty than Germany or the Scandinavian countries.

    Oct 11th, 2016 - 01:50 am +1
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