The World Trade Organization recently ruled for a second time that European Union (EU) duties on bio-diesel imports from Argentina violated international trade rules. The European Union now must ensure that its measures comply with WTO rules or face the prospect of retaliatory trade tariffs from Argentina. Pro Farmer’s First Thing Today reports that Argentina alleged the EU’s imposition of additional average duties of 24.6 percent on bio-diesel imports did not comply with world trade rules. The WTO ruling could have an impact on a separate, pending WTO dispute case filed by Indonesia regarding EU anti-dumping duties on Indonesian imports of bio-diesel.
From the National Association of Farm Broadcasting news service.