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US Confirms Duties On Biodiesel from Argentina, Indonesia

by Mike Godfrey, Tax-News.com, Washington

24 August 2017


The US Department of Commerce has announced that duties will be imposed retroactively on biodiesel imports from Argentina and Indonesia.

In a notice dated August 22, the US Secretary of Commerce Wilbur Ross announced that Argentinian exporters had received unlawful state subsidies of between 50.29 and 60.17 percent, while Indonesian exporters received state subsidies of between 41.06 and 68.28 percent.

"The US values its relationships with Argentina and Indonesia, but even friendly nations must play by the rules," said Ross. "The subsidization of goods by foreign governments is something that the Trump administration takes very seriously, and we will continue to evaluate and verify the accuracy of this preliminary determination."

In 2016, imports of biodiesel from Argentina and Indonesia were valued at an estimated USD1.2bn and USD268m, respectively.

Based on the preliminary determination, the Commerce Department has instructed US Customs to collect cash deposits from importers of biodiesel from Argentina and Indonesia to the equivalent value of the above subsidies, and will levy duties on imports from the previous 90 days.

The Department of Commerce is expected to announce its final determination on November 7, 2017.

TAGS: tax | law | Indonesia | United States | import duty | Argentina

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