The UK’s Trade Remedies Authority (TRA) has provisionally proposed to maintain countervailing measures against Argentine biodiesel imports.In a statement of essential facts, the TRA has proposed that the duty payable on Argentine biodiesel imports be maintained in the 25-33.4 per cent range until February 2029.The TRA has also proposed that the duty be maintained in the 25-33.4 per cent range for Argentine imports.
Biodiesel consumption in the UK was approximately 1.8 million metric tonnes during the period under investigation. Demand for renewable fuels in the UK is driven by the government’s target to reduce greenhouse gas emissions from vehicles, ultimately supporting its goal of net-zero emissions by 2050.
TRA found that trends indicate that UK biodiesel is a growth industry, but that the UK is one of the few available markets with growing production capacity in Argentina.
As a result, TRA found that subsidised imports of biodiesel into Argentina are likely to recur if countervailing measures are no longer applied to these goods. In addition, due to the vulnerable position of the UK biodiesel industry, the injury is likely to recur if countervailing measures are no longer imposed.