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BRUSSELS (Reuters) -The European Union is about to impose provisional duties on Chinese language biodiesel after discovering it’s being offered in EU markets at unfairly low costs, within the newest in a string of commerce circumstances towards China.
The European Fee, which oversees EU commerce coverage, has proposed setting provisional tariffs of between 12.8 and 36.4%, based on a doc revealed on Friday. They’re as a result of be imposed in mid-August.
The investigation is because of proceed till February, when definitive duties for 5 years could possibly be set.
The EU has already set provisional duties for electrical autos made in China over what it sees as unfair subsidies in its most high-profile case.
For biodiesel, proposed duties are 12.8% for EcoCeres Group merchandise, 36.4% for Jiaao Group, together with Zhejiang Jiaao Enproenergy Co, and 25.4% for exports by Zhuoyue Group, together with Longyan Zhuoyue New Vitality Co
The European Biodiesel Board (EBB), which lodged the criticism, stated earlier this month {that a} flood of biodiesel from China was having a devastating impact on EU manufacturing.
Chevron Renewable Vitality Group had furloughed German staff, Shell had paused development of a Dutch plant, BP was pausing a undertaking in Germany and Argent Vitality had closed a biorefinery, EBB stated.
“Whereas Chinese language imports aren’t the one motive for these choices, the biodiesel dumping has contributed to the difficulties producers face,” it stated.
It says Chinese language corporations exported 1.8 million tonnes of biodiesel to the European Union in 2023, 90% of all Chinese language biodiesel exports.
The European Waste-based and Superior Biofuels Affiliation stated it welcomed the measures, including it believed they might immediate a normalisation of market situations from an “extraordinarily hostile” scenario since late 2022.
(Reporting by Philip Blenkinsop and Tassilo Hummel; Enhancing by Susan Fenton)
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