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On Wednesday, the U.
S.
Department of Commerce officially announced its final anti-dumping (AD) decision on biodiesel imports from Argentina and Indonesia, setting the dumping rate at a maximum of 276.
65%.
Specifically, the anti-dumping duty rate on biodiesel imported from Argentina reached 60.
44% to 86.
41%, and the anti-dumping duty rate on imports from Indonesia reached 92.
52% to 276.
65%.
The final decision is higher than the preliminary decision of the Ministry of Commerce, which is between 50.
71% and 70.
05%, as follows:
The measures are in response to petitions filed by the National Biodiesel Board (NBB) and 15 domestic biodiesel producers
.
NBB then issued a statement saying it welcomed the Commerce Department's decision, "The biodiesel industry has dealt with policy uncertainties such as tax credits and annual unpredictability of renewable fuel standards, so we appreciate seeing import remedies
for illegal dumping.
" ”
It is important to note that antidumping duties are imposed in addition to countervailing duties
.
The U.
S.
Department of Commerce announced in November 2017 and confirmed by the U.
S.
International Trade Commission (ITC) countervailing duty rates of 34.
45% to 72.
28%.
The committee will vote
on the anti-dumping case in April.
From 2014 to 2016, Argentina and Indonesia surged 464 percent in biodiesel imports, accounting for 18.
3 percentage points
of the U.
S.
producer's market share, according to NBB.
On Wednesday, the U.
S.
Department of Commerce officially announced its final anti-dumping (AD) decision on biodiesel imports from Argentina and Indonesia, setting the dumping rate at a maximum of 276.
65%.
Specifically, the anti-dumping duty rate on biodiesel imported from Argentina reached 60.
44% to 86.
41%, and the anti-dumping duty rate on imports from Indonesia reached 92.
52% to 276.
65%.
The final decision is higher than the preliminary decision of the Ministry of Commerce, which is between 50.
71% and 70.
05%, as follows:
The measures are in response to petitions filed by the National Biodiesel Board (NBB) and 15 domestic biodiesel producers
.
NBB then issued a statement saying it welcomed the Commerce Department's decision, "The biodiesel industry has dealt with policy uncertainties such as tax credits and annual unpredictability of renewable fuel standards, so we appreciate seeing import remedies
for illegal dumping.
" ”
It is important to note that antidumping duties are imposed in addition to countervailing duties
.
The U.
S.
Department of Commerce announced in November 2017 and confirmed by the U.
S.
International Trade Commission (ITC) countervailing duty rates of 34.
45% to 72.
28%.
The committee will vote
on the anti-dumping case in April.
From 2014 to 2016, Argentina and Indonesia surged 464 percent in biodiesel imports, accounting for 18.
3 percentage points
of the U.
S.
producer's market share, according to NBB.
