In a Statement of Essential Facts, the TRA has proposed that the duty payable on imports of Argentinian biodiesel is maintained until February 2029
The Trade Remedies Authority (TRA) has today (Friday 8 November) provisionally proposed that a countervailing measure on biodiesel imported from Argentina is maintained.
In a Statement of Essential Facts, the TRA proposed that the duty payable on imports of biodiesel from Argentina be kept at a range of 25%-33.4% until February 2029.
The products in scope of this review were “fatty-acid mono-alkylesters or paraffinic gasoils obtained from synthesis or hydrotreatment of non-fossil origin in pure form or as included in a blend, in pure form or as included in a blend” – commonly known as biodiesel.
During the period of investigation, the UK’s consumption of biodiesel was around 1.8 million metric tonnes. The UK’s demand for renewable fuel is driven by the Government’s aims to reduce greenhouse gas emissions from vehicles, ultimately supporting its target of net zero by 2050.
The TRA found trends to suggest that UK biodiesel is a growth industry, but that the UK is one of few available markets for an increasing Argentinian production capacity.
As a result, the TRA determined that subsidised imports of Argentinian biodiesel would be likely to recur if the measures were no longer applied to those goods. Furthermore, as the UK biodiesel industry is in a vulnerable position, injury would likely recur if the countervailing measure was no longer applied.
Businesses that may be affected by these initial findings can comment on the SEF via the TRA’s online case platform until 29 November 2024.
Background Information