EU ministers prolong duties on US biodiesel imports

7th July 2009

European finance ministers approved definitive anti-dumping and anti-subsidy duties on imports of US biodiesel on Tuesday, prolonging by five years temporary duties imposed in March (EE 12/03/09).

The duties will apply for five years from entry into force the day after publication in the EU's official journal, which is expected to be this week. The anti-dumping duties will range from 68.60Euros to 198Euros per tonne and the anti-subsidy, or countervailing, duties from 211.20Euros to 237Euros per tonne.

The European Biodiesel Board "applauded" Tuesday's decision. For more than two years US biodiesel has been sold in Europe at a price below even the vegetable oil raw materials used by European producers to make biodiesel, it said in a press release.

At their meeting in Brussels, EU finance ministers rubber-stamped a deal reached with MEPs on spending 3.98bn Euros of EU funds on strategic energy projects in 2009-10 (EE 16/04/09).

Ministers were also presented with a progress report on the "Marguerite fund", a European equity fund for energy, climate change and infrastructure that is to be launched by the European Investment Bank in December (EE 12/12/08). So far 500mEuros of a planned starting capital of 600mEuros has been raised, the council was told.

Gail Macdonald - Assistant Director
Bureau de l'Agriculture Britannique (BAB)
61 rue de Trèves, 6th floor
B-1040 Brussels

Tel: +32 2 285 05 85
Fax: +32 2 230 39 28

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