23 January 2013 23:39 [Source: ICIS news]
HOUSTON (ICIS)--The US Trade Representative’s office on Wednesday objected to a proposed EU import duty on ?xml:namespace>
The European Commission (EC) is seeking anti-dumping duties of 9.5% on all ethanol coming from the
“We are evaluating the proposed Council Implementing Regulation. We are disappointed in this outcome,” a spokeswoman for the US Trade Representative’s office, Nkenge Harmon, said. “We have serious concerns about certain procedural and methodological aspects of the investigation.”
The Renewable Fuels Association (RFA) and Growth Energy, two US trade groups, condemned the proposal in a joint statement.
“America’s producers and marketers of ethanol are outraged by the news that the European Commission has proposed to the European Council an anti-dumping duty equivalent to €62.3 per tonne [$83.1/tonne] on all ethanol produced in the United States, regardless of who produces the product or who sells it,” the organisations said. “This decision is unprecedented. Not only does it fly in the face of over 30 years of consistent practice by the EC, but it also violates numerous provisions of the World Trade Organization’s Agreement on Antidumping.”
“We are exploring every option to overturn this decision,” said Tom Buis, CEO of Growth Energy. “Our producers and trading companies cooperated fully with the Commission’s requests for information. In the end, it was all ignored in favour of what can only be described as a political decision to erect an artificial trade barrier.”
In December, sources expressed concern to ICIS about the possible duties, saying
“It’s a trade war on the
The introduction of penalties on
($1 = €0.75)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections