The British government's Trade Remedies Authority (TRA) began an analysis of the compensatory measures applied to biodiesel imported from Argentina. The TRA is the UK body responsible for investigating the need for compensatory trade measures against unfair import practices and unexpected increases in imports.
Previously, in the October 5 report, TRA identified that the tariffs to be paid on biodiesel imports from Argentina ranged from 25% to 33.4%. The United Kingdom transferred the compensatory measures applied to Argentine biodiesel from European Union (EU) systems. Thus, following the country's exit from the EU, British legislation incorporated more than 40 EU trade compensation measures relevant to British producers. However, the TRA is evaluating each measure to ensure it is relevant to the needs of the UK.
The transition review period would run from October 1, 2022 to September 30, 2023, while the loss period would run from October 1, 2019 to September 30, 2023.
UK maintains measures against US and Canada, but eases for biodiesel
Previously, the UK government reviewed countervailing measures on biodiesel imports from the US and Canada.
In November 2022, the British government accepted the TRA's recommendation. Decided to maintain measures on fatty acid monoalkyl ester (FAME) biodiesel from the USA and Canada. These measures will be maintained at current levels. The validity period will be five years. From January 30, 2021. However, they should remove tariffs on imports of hydrotreated vegetable oil (HVO) renewable diesel.
Typically, the border applies trade remedies, acting as a tax on imports.
In 2022, the UK consumed 1.789 million liters of biodiesel. Road transport used 97% of this total, according to information available on the TRA website.
Source: Oils & Fats International
