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Jul 13, 2009

Biodiesel Fuel * EU - Imposes Tariffs on U.S. one

Blames Low Prices Caused by Subsidies

Brussels, Belgium -Transport Topics (USA), by Frederick Kiel -July 13, 2009: -- The European Union last week imposed tariffs on biodiesel imported from the United States to counter low prices it said were caused by subsidies, but a spokesman for the U.S. Trade Representative denied subsidies were the main reason for the growth of U.S. sales in Europe and that the United States would review the tariffs “closely”... The EU decided July 7 to impose tariffs of as high as $333 a metric ton for five years to counter what it said was a surge of subsidized imports that injured European producers... A spokeswoman for the Office of the United States Trade Representative agreed that U.S. law gives subsidies whether biodiesel is used domestically or exported, but she denied that subsidies were a prime factor in the growth of U.S. exports to Europe...

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