US trade commission votes for Argentina, Indonesia biodiesel anti-dumping probe
May 17, 2017
The US International Trade Commission (ITC) voted on 5 May to continue an anti-dumping investigation launched by US Department of Commerce (DoC) into Argentinian and Indonesian biodiesel imports.
The 5-0 vote, according to an ITC statement, came in the wake of the DoC initiating in late April an investigation into the imports after a complaint filed by trade organisation the National Biodiesel Board (NBB), alongside other industry players.
In the complaint, the NBB claimed that biodiesel imports from Argentina and Indonesia had surged by 464% from 2014 to 2016, taking 18.3% of market share from US manufacturers.
The ITC determined that there was “a reasonable indication” that the US industry was materially injured by biodiesel imports from Argentina and Indonesia that were allegedly subsidised and sold in the US at “less than fair value”.
“The decision in our favour is an important next step for the US biodiesel producers suffering because of the flood of imports,” Anne Steckel, vice president of federal affairs at NBB told Reuters.
Ray Bradbury, president of risk management at agribusiness and biofuel company Archer Daniels Midland, also praised the ITC vote in a statement.
“The facts clearly show that Argentina and Indonesia are engaging in unfair trade practices, and we are confident that duties will be imposed when the final decision is made,” he said.
The DoC now had to determine whether it would impose preliminary countervailing and anti-dumping duties, with decisions expected on 16 June and 30 August respectively, ITC said.