Peru will impose anti-dumping tariffs on biodiesel imports from Argentina for a period of five years following complaints of unfair competition, Reuters reported on 26 October.
The country’s competition regulator Indecopi said the move was taken "to prevent the imports of biofuel to continue harming national production."
Under the measure, different companies would be charged different rates, with the Argentine subsidiaries of Cargill, Bunge and Noble being charged US$134.70/tonne, US$141.40/tonne, and US$152.70/tonne respectively, Reuters said. Louis Dreyfus and other companies would be charged the highest rate of US$191.60/tonne.
The report said Peru was the second-largest export market for Argentine biodiesel.
The Argentine Biofuels Chamber has said it would take legal action against the Peruvian government over the matter, calling it a "protectionist measure against the World Trade Organization's (WTO) international norms".
"We are the main supplier of biodiesel for Peruvian transport and this unjustified decision will have consequences for their economy since domestic prices for fuel will rise," said Luis Zubizarreta, the group's president, in the Reuters report.
Elsewhere in the world, the EU has also attempted to protect its biofuel market against Argentina by imposing anti-dumping duties on its biodiesel imports in 2013.
However, the World Trade Organization ruled in favour of Argentina in March 2016 (see Biofuel News, OFI May 2016) and upheld its decision in October following an appeal from the EU.
The General Court of the EU also annulled the EU’s anti-dumping measures in five separate judgements issued on 15 September, addressing individual cases brought by LDC Argentina SA and Cargill SACI from Argentina.