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LatinNews Daily - 15 July 2019

Opic to invest in southern Mexico

Argentina: On 9 July, the US Department of Commerce (DOC) made a preliminary determination that changed circumstances do not exist that would warrant any changes to the antidumping duty (AD) order for biodiesel imports from Argentina. The DOC also determined, however, that changed circumstances do exist that warrant a change to the cash deposit rates under its countervailing duty (CVD) order. Following an investigation, the DOC imposed anti-dumping duties on Argentine biodiesel imports in January 2018 to counteract what it believes to be unfair subsidies received by Argentine biodiesel producers. The US agency also established a CVD schedule to be imposed on importers of Argentine biodiesel until the subsidies in Argentina are removed. The Argentine government requested a review of the DOC decision in September 2018, arguing that there had been changes in Argentina’s export tax regime that affected the domestic biodiesel producers. But this request has now been partially rejected by the DOC, which only agreed to review the CVD schedule and has decided to maintain an AD of approximately 74%. According to the president of the Argentine chamber of biofuels (Carbio), Luis Zubizaretta, the DOC’s preliminary determination is of “little use” to Argentina and is “not enough for Argentina to continue selling biodiesel to the US”.

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