‘Unfair’ Argentine, Indonesian biodiesel imports hurt US industry
April 16, 2018
The US International Trade Commission (ITC) gave a final ruling on 3 April determining that the country’s biodiesel industry has suffered due to unfairly dumped Argentine and Indonesian imports.
The 4-0 vote was the last remaining step before the USA could impose final antidumping orders against the two countries, which were expected to be passed later in April, the US biodiesel trade association National Biodiesel Board (NBB) said in a statement.
“This vote finalises the case to address the harm that unfair trade practices have had on the US biodiesel industry,” said NBB CEO Donnell Rehagen.
“Foreign producers dumping product into American markets below cost had undermined the jobs and environmental benefits that US biodiesel bring to the table. Establishing a level playing field for true competition in the market will allow the domestic industry the opportunity to put to work substantial under-utilised production capacity,” he added.
In March, the US Department of Commerce (USDC) imposed final antidumping fees ranging from 60.44% to 86.41% for Argentine producers and 92.52% to 276.65% for Indonesian producers.
The USDC also gave a final countervailing duty determination in November 2017, which set duty deposit rates of 71.45-72.28% for Argentina and 34.45-64.73% for Indonesia.
The anti-dumping and countervailing duty investigation was initiated in early 2017 by the NBB Fair Trade Coalition’s petition claiming that biodiesel imports from Argentina and Indonesia had surged by 464% between 2014 and 2016, taking up 18.3 percentage points of market share from US producers.