05 May 2011 23:43 [Source: ICIS news]
BUENOS AIRES (ICIS)--Several groups from Argentina protested plans by Spain to restrict biodiesel imports, an industry source said on Thursday.
The Spanish Industry and Commerce Ministry has proposed restricting biodiesel imports and establishing quotas for Spanish-made biodiesel.
If Spain adopts the proposals, Argentina may complain before the World Trade Organization (WTO), said Gustavo Irigoda, spokesperson the Argentine Biofuels Chamber (CARBIO).
In 2010, Spain exported $516m (€346m) worth of Argentine biodiesel, making up 23% of the nation's export market, according to CARBIO.
Groups protesting the Spanish proposal include the Argentine Chancellery, the Argentine Agriculture, Cattle Ranching, Fishing and Foods Secretary (SAGPyA) and the Argentine Federal Planning, Public Investment and Services Ministry.
($1 = €0.67)
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