EU Exec Eyes Dumping Duty On US Bodiesel

In April last year, EU biodiesel producers complained that they were being hammered by U.S. subsidies.

The European Commission plans to propose anti-dumping and anti-subsidy duties on imports of biodiesel from the United States, sources familiar with the proposal said on Thursday.

The anti-dumping duties would range from 2 euros ($2.50) to 19 euros per 100 kilograms and the anti-subsidy duties from 23 to 26 euros per 100 kg, the sources told Reuters.

The Commission, which oversees trade policy for the 27-country European Union, is due to propose the measures at a meeting next month of EU national trade officials, known as the anti-dumping committee.

In April last year, EU biodiesel producers complained that they were being hammered by U.S. subsidies that they said distorted the growing international trade in plant-based fuels. ($1=.7938 euro)