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Argentina takes EU biodiesel antidumping measures to WTO

Saturday, March 29th 2014 - 05:46 UTC
Full article 32 comments
Argentina has become one of the world's leading exporters of bio-fuels Argentina has become one of the world's leading exporters of bio-fuels

Argentina formally requested the World Trade Organization's (WTO) Dispute Settlement Body (DSB) the establishment of a panel to address the European Union antidumping measures against Argentine bio-diesel. The initiative was rejected by the EU this week.

 According to a release from the Argentine foreign ministry “these measures are inconsistent with the WTO Antidumping agreement and article VI of GATT”.

The EU decision to impose definitive antidumping rights at the end of November 2013, closed the European market to Argentine exports of biodiesel.

The release recalls that since 2009 Argentina became the main provider of biodiesel to the EU, with sales of 1.847bn dollars in 2011, which represented 13% of all Argentine exports to the EU.

“The biodiesel sector in Argentina outstands for its sustainability and high level of development, scale and integration along the whole production chain, and is currently one of the most efficient producers globally”, adds the release.

On the other hand, the EU industry is “highly over dimensioned and since 2012 the EU has been involved in different protectionist measures with the purpose of excluding from the European market the Argentine bio-diesel”.

Finally “as is common practice, the EU rejected the first request for the DSB panel”. However “following on a second request from our country in the next DSB meeting on 25 April the panel will be formally established”.

Argentina will insist with its position of claiming before the different forae “the protectionist barriers imposed by the EU and which harm developing countries”.

Top Comments

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  • toxictaxitrader2

    Talk about the kettle calling the teapot black!
    P.S.Is there a Spanish equivalent to this saying?

    Mar 29th, 2014 - 09:37 am 0
  • yankeeboy

    The problem with Rgs is they believe in their inflated sense of self importance.
    It is their downfall every time they deal with a civilized country. They don't realize they are insignificant, are of no strategic importance and that no one cares if they cease to exist.
    Maybe someday they'll wake up
    I doubt it tho...

    Mar 29th, 2014 - 11:12 am 0
  • Pete Bog

    ”the EU has been involved in different protectionist measures with the purpose of excluding from the European market the Argentine bio-diesel”.

    And the Argentines don't deploy protectionist measures?

    Mar 29th, 2014 - 11:17 am 0
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