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EU ready to accept deal to exempt duties on Argentine biodiesel

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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)

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