CRANBURY, N.J. (DTN) -- Late last week, the U.S. International Trade Commission unanimously approved maintaining existing antidumping and countervailing duty orders on biodiesel from Argentina and Indonesia.
The independent, quasi-judicial federal agency determined that revoking the imposition of antidumping and countervailing duties "would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time," according to a new release issued May 25.
In 2017, the Commerce Department found biodiesel producers in Argentina and Indonesia benefited from subsidies that injured U.S. biodiesel producers, leading to the imposition of antidumping and countervailing duties.
The Uruguay Round Agreements Act requires the Department of Commerce to revoke an antidumping or countervailing duty order, or terminate a suspension agreement, after five years unless the Department of Commerce and the USITC determine that revoking the order or terminating the suspension agreement would be likely to lead to continuation or recurrence of dumping or subsidies (Commerce) and of material injury (USITC) within a reasonably foreseeable time.
(c) Copyright 2023 DTN, LLC. All rights reserved.