U.S. to launch probe into Argentina, Indonesia biodiesel imports | Reuters

By Eric Walsh and Fransiska Nangoy | WASHINGTON/JAKARTA WASHINGTON/JAKARTA The United States said on Thursday it would start an investigation into imports of biodiesel from Indonesia and Argentina for possible dumping and subsidisation.The U.S.

Reuters April 14, 2017 23:45:06 IST
U.S. to launch probe into Argentina, Indonesia biodiesel imports
| Reuters

US to launch probe into Argentina Indonesia biodiesel imports
 Reuters

By Eric Walsh and Fransiska Nangoy
| WASHINGTON/JAKARTA

WASHINGTON/JAKARTA The United States said on Thursday it would start an investigation into imports of biodiesel from Indonesia and Argentina for possible dumping and subsidisation.The U.S. International Trade Commission is scheduled to make a preliminary decision by May 8 on whether such imports hurt U.S. producers, the U.S. commerce department said in a statement. The step, just days ahead of a visit to Indonesia by U.S. Vice President Mike Pence, comes after some U.S. biodiesel producers last month asked their government to impose anti-dumping duties on imports of biodiesel from Argentina and Indonesia that they say have flooded the U.S. market and violated trade agreements."The Indonesian government, especially the trade ministry, will be cooperative in the investigation by providing arguments and supportive data and documents to show that there was no dumping or subsidies," Oke Nurwan, Indonesia's director general for foreign trade, told Reuters.

Indonesia's biodiesel group said it had asked its government to bring up the issue during Pence's visit to Jakarta next week.Argentine biodiesel exporters and manufacturers have also rebuffed the accusation. "Now they have to prove everything that they are claiming, which is a sham. It's a protectionist measure," said Claudio Molina, head of Argentina's Biofuels Association, a trade group known by its Spanish acronym AABH.

"We hope that the United States offers a fair process, which will show that there is no dumping or subsidies of Argentine biodiesel," he added.Argentina is the world's No. 1 exporter of soyoil, used to make biodiesel. Indonesia is the world's top producer of palm oil, which can also be used to churn out the fuel. Both countries rely heavily on resource exports.

Total U.S. biodiesel imports rose to a record 916 million gallons (3.5 billion liters) in 2016, according to U.S. government data published in March. Argentina represented about two-thirds of U.S. foreign imports, followed by Indonesia and Canada.Indonesia is also facing pressure in Europe, with its government filing a WTO complain against European Union anti-dumping duties on Indonesian biodiesel.Meanwhile, the European parliament voted last week to call on the EU to phase out use of palm oil in biodiesel by 2020. Indonesia, along with Malaysia, plans to send a joint mission to Europe next month to prevent the adoption of that resolution. (Reporting by Eric Walsh in Washington and Fransiska Nangoy in Jakarta, additional reporting by Maxilmiliano Rizzi in Buenos Aires; Writing by Kanupriya Kapoor; Editing by Eric Beech, Joseph Radford and Bernard Orr)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date:

TAGS:

also read

Greek police clash with protesters in rally against mandatory vaccinations
World

Greek police clash with protesters in rally against mandatory vaccinations

ATHENS (Reuters) - Greek police used teargas and water cannon to disperse people who had gathered in central Athens on Saturday to protest against mandatory COVID-19 vaccinations. More than 4,000 people rallied outside the Greek parliament for a third time this month to oppose mandatory inoculations for some workers, such as healthcare and nursing staff.

Two Turkish soldiers killed in attack in northern Syria
World

Two Turkish soldiers killed in attack in northern Syria

ISTANBUL (Reuters) - Two Turkish soldiers were killed and two were wounded in an attack on their armoured vehicle in northern Syria, and Turkish forces immediately launched retaliatory fire, Turkey's defence ministry said on Saturday. "Our punitive fire against terrorist positions is continuing," the statement on Twitter on said. It did not specify where the attack occurred, but media reports said it was in the al-Bab area.

Brazilians take to streets again to demand Bolsonaro's impeachment
World

Brazilians take to streets again to demand Bolsonaro's impeachment

By Marcelo Rochabrun SAO PAULO (Reuters) - Protesters took to the streets in several Brazilian cities on Saturday to demand the impeachment of far-right President Jair Bolsonaro, whose popularity has fallen in recent weeks amid corruption scandals against the backdrop of the pandemic. This week, news broke that Brazil's defense ministry told congressional leadership that next year's elections would not take place without amending the country's electronic voting system to include a paper trail of each vote. Bolsonaro has suggested several times without evidence that the current system is prone to fraud, allegations that Brazil's government has denied