The United States International Trade Commission (ITC) announced Tuesday that it would be issuing an affirmative final determination regarding both anti-dumping and countervailing duty investigations against imported biodiesel from Argentina and Indonesia.
This implies the decision that imported biodiesel from the aforementioned countries led to significant market injury for domestic biodiesel producers, a claim that has been vocally represented by U.S based producers of the renewable energy. This ruling cements the previous belief that these subsidized imports created an unfair competitive advantage for the countries and upholds the anti-dumping and anti-subsidy duties placed on the countries earlier this year.
November 9th saw the U.S Department of Commerce uphold final determinations on counter-vailing duties for the countries, hamstringing the ability for them to continue importing at rates below domestic market value
Final countervailing duties were brought for Argentina at 71.45 percent to 72.28 percent, while final anti-subsidy rates for Indonesia were seen within 34.45 percent and 64.73 percent. Biodiesel imports from these countries grew at a rate of 463 percent in the past two years, and until recently accounted for roughly 20% of the domestic consumption.