Biodiesel from Argentina and Indonesia Subject of New AD/CV Petition
A petition filed March 23 alleges that biodiesel from Argentina and Indonesia is being sold at less than fair value in the U.S. market and/or benefitting from countervailable subsidies. The petition alleges numerous subsidy programs in each country as well as dumping margins of 23.3 percent for Argentina and 34.0 percent for Indonesia.
The biodiesel covered by these petitions is a renewable biofuel comprised of monoalkyl esters of long chain fatty acids derived from vegetable oils or animal fats, including waste oils or greases, and other biologically-based oil or fat sources. The petitions cover biodiesel in pure form (B100) as well as fuel mixtures containing at least 99 percent biodiesel by volume (B99). For the latter, only the biodiesel component of the mixture is covered by the scope of the petitions. The B100 product is currently classifiable under HTSUS 3826.00.1000 while the B99 product is currently classifiable under HTSUS 3826.00.3000.
The Department of Commerce and the International Trade Commission will next determine whether to launch AD and/or CV duty and injury investigations, respectively, on this product. There are strict statutory deadlines associated with these proceedings, so affected companies that wish to protect their interests should contact trade counsel as soon as possible.
For more information contact Kristen Smith at (202) 730-4965, Mark Ludwikowski at (202) 730-4967 or David Craven at (312) 279-2844.
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