BREAKING NEWS
This content is not available in your region

EU ready to accept deal to exempt duties on Argentine biodiesel

Access to the comments Comments
Text size Aa Aa

BRUSSELS (Reuters) – The European Commission is willing to accept a deal with producers of Argentine biodiesel to settle a long-running trade dispute over imports of the product into Europe.

The Commission, which oversees trade policy in the 28-member European Union, said on Monday that it had communicated to interest parties last week that it was willing to accept undertakings from producers that they would sell at a minimum price.

“This would exclude these producers from possible anti-subsidy duties to be imposed by the European Commission, while restoring the level playing field for European producers,” a Commission spokesperson said by email.

Those interested parties have until Friday Jan 18 to comment on the proposal, with a Feb. 28 deadline for the imposition of anti-subsidy duties. It was not clear what the minimum price would be.

(Reporting by Philip Blenkinsop)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.