% | $
Quotes you view appear here for quick access.

Exxon Mobil Corporation Message Board

  • bluecheese4u bluecheese4u Aug 29, 2012 4:13 PM Flag

    EU initiates anti-dumping action against Argentina

    EU initiates anti-dumping action against Argentina

    Wednesday, August 29, 2012

    The European Union threatened today to impose tariffs on biodiesel imported from Argentina and also Indonesia. The announcement was made today on the bloc’s Official Gazette.

    “The European Commission has received a complaint on protection against dumped imports from countries not members of the European Community, alleging that imports of biodiesel, originating in Argentina and Indonesia, are being dumped and are thereby causing material injury to the Union industry”, can be read in the statement.

    The investigation will determine whether biodiesel from the two countries “is being dumped and whether the dumped imports have caused injury to the union industry”, the European Commission, the EU’s trade authority in Brussels, said today in the Official Gazette.

    The inquiry highlights tensions accompanying EU efforts to increase the use of biofuels, a renewable energy from crops such as rapeseed, corn, wheat and sugar, amid a crackdown on fossil fuels blamed for global warming. Ethanol is another kind of biofuel.

    Now, the commission has nine months to decide whether to impose provisional anti-dumping duties for half a year and EU governments have 15 months to decide whether to apply “definitive” levies for five years.

86.7875+0.1675(+0.19%)3:01 PMEDT