The U.Okay. authorities’s Commerce Cures Authority on Oct. 5 introduced it has launched a transition assessment into countervailing measures on biodiesel imported from Argentina. The assessment goals to evaluate whether or not the measures nonetheless serve the U.Okay.’s wants.
The present responsibility payable on imports of biodiesel from Argentina ranges from 25 p.c to 33.5 p.c, in accordance with the TRA.
The countervailing measures on biodiesel imported into the U.Okay. from Argentina are amongst those who have been inherited from the European Union methods. Info launched by the TRA signifies that greater than 40 EU commerce treatment measures of curiosity to U.Okay. producers have been transitioned into U.Okay. regulation when the U.Okay. left the European Union. The TRA stated it’s presently reviewing every of these measures to see if they’re appropriate for U.Okay. wants.
The interval of investigation for this transition assessment can be Oct. 1, 2022 by means of Sept. 30, 2023. The damage interval can be Oct. 1, 2019 by means of Sept. 30, 2023.
The U.Okay. authorities beforehand reviewed countervailing measures on imports of biodiesel from the U.S. and Canada. In November 2022, the U.Okay. authorities accepted the TRA’s advice that measures on FAME biodiesel from the U.S. and Canada be saved at their present ranges for 5 years beginning on Jan. 30, 2021, however that tariffs on imports of HVO renewable diesel be eliminated.
Extra data is accessible on the TRA web site.
