IARN — The National Biodiesel Board (NBB) is pleased that the Department of Commerce will keep countervailing duty orders on imports of Argentinian biodiesel. The Commerce Department made the determination after its “changed circumstances review” of the anti-dumping duty. The department determined that there are no “changed circumstances” that would warrant any changes in U.S. duty rates. That means the rates on imported biodiesel from Argentina will stay at their current levels.
Kurt Kovarik is the NBB Vice President of Federal Affairs, who says the NBB’s Fair Trade Commission fought hard for this outcome. “We certainly appreciate Secretary Wilbur Ross and the administration for supporting U.S. biodiesel producers at a critical moment. We are also grateful that they took the time to listen to U.S. biodiesel producers.” The NBB says the Department of Commerce took the time necessary to fully evaluate the status of Argentina’s export tax regime and made the right decision. “Also critical to the outcome is the support and leadership of Senators Chuck Grassley and Maria Cantwell, along with Representative Darren LaHood,” Kovarik adds. “The U.S. biodiesel industry appreciates their help in amplifying the industry’s push for fair trade conditions.”
Story courtesy of the Iowa Agribusiness Radio Network.