EU Looks to Tax Argentine, Indonesian Biodiesel

The European Union is targeting foreign biodiesel … again. Reuters reports this time the EU is looking to hit imports of biodiesel from Argentina and Indonesia with a duty to keep the green fuel out:

Those countries represent 90 percent of EU biodiesel imports and face retroactive duties from Thursday if an investigation finds the countries have benefited from illegal subsidies.

In an official publication, the European Commission said it had enough evidence that producer subsidies were “causing material injury to the (European) Union industry, which is difficult to repair”.

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