EC's biodiesel anti-dumping case progresses to registration of imports
London (Platts)--30Jan2013/454 am EST/954 GMT
The European Commission said Tuesday it will require all EU biodiesel
imports from Argentina and Indonesia to be registered, so that any future
decision to apply import tariffs as a result of an ongoing anti-dumping case
against those countries may be applied retroactively.
The regulation will come into effect Wednesday and will last for nine
months.
The EC said that it had sufficient evidence that "imports of the product
concerned from the countries concerned are being dumped," and that, "the
exporters' dumping practices are causing material injury," to require
registration of imports pending a final decision.
Furthermore, due to the potential for "massive" dumped imports in a
relatively short space of time and since importers were likely to be already
stockpiling product in preparation for peak demand levels in the spring and
summer, duties would need to be retroactive in order to be effective, the EC
said.
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The EC's decision in the anti-dumping case is due by May 29. Any tariff
would be decided on the basis of the findings of the investigation.
However, the complainant, the European Biodiesel Board, mentioned
dumping margins ranging between 18% and 29% for Indonesia, between 40% and
50% for Argentina, and injury margins between 28.5% and 29.5% for Argentina
and between 35.5% and 37.5% for Indonesia.
"We hope that this will be the first right move to put an end to an
unacceptable situation whereby our industry has been heavily injured by
unfair imports for too long," said Raffaello Garofalo, EBB secretary general.
A parallel complaint against subsidies for biodiesel that Argentina and
Indonesia export to the EC is also ongoing. A decision on the second complaint
is due by August 10.
--Sean Bartlett, sean_bartlett@platts.com
--Edited by Keiron Greenhalgh, keiron_greenhalgh@platts.com