MercoPress. South Atlantic News Agency
WTO confirms ruling in favor of Argentina in biodiesel imports dispute with 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.
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Read all commentsThis can't be right!
Oct 08th, 2016 - 11:44 am +1According to our resident “genius” Nostrils, Argentina is ALWAYS treated unfairly and to double-standards.
Always!
@ 1 Skip
Oct 08th, 2016 - 07:41 pm +1Well I think the ruling is totally unfair.
Argentina should be banned completely!
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 +1Commenting for this story is now closed.
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