04 February 2014 17:05 [Source: ICIS news]
LONDON (ICIS)--The European Renewable Ethanol Association (ePURE) has alerted the European Commission to a surge in ethanol imports from Peru since the country entered into a free trade agreement in August 2013, the industry body said on Tuesday.
“Official data reveals that exports from Peru between January and October 2013 have more than tripled to over 93m litres compared to 27m litres during the same period in 2012. This surge has occurred in just three months immediately following the removal of import duties,” ePURE said.
“Peru is taking advantage of the elimination of import duties on ethanol by ramping up its exports to the EU and substituting the missing supply with cheap ethanol imports from the US,” it added.
According to ePURE, Peru has imported 84m litres of US ethanol between January and October 2013.
“It is apparent that US ethanol producers are ultimately gaining from this operation at the expense of European ethanol producers, jeopardising investments made to achieve renewable energy targets, create new markets for farmers and generate employment in the EU," it added.
The European Commission must act to prevent the effects of poorly conceived bilateral trade agreements which undermine its own domestic policies,” said Rob Vierhout, secretary general of ePURE.
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