The National Biodiesel Board (NBB) this week filed an antidumping and countervailing duty petition against Argentine and Indonesian companies that are allegedly violating trade laws with dumped and subsidized biodiesel in the U.S. market.
The petition was filed with the U.S. Department of Commerce and the U.S. International Trade Commission on behalf of the National Biodiesel Board Fair Trade Coalition, which is made up of the National Biodiesel Board and U.S. biodiesel producers.
“The National Biodiesel Board and U.S. biodiesel industry is committed to fair trade, and we support the right of producers and workers to compete on a level playing field,” said Donnell Rehagen, National Biodiesel Board CEO. “This is a simple case where companies in Argentina and Indonesia are getting advantages that cheat U.S. trade laws and are counter to fair competition. NBB is involved because U.S. biodiesel production, which currently support more than 50,000 American jobs, is being put at risk by unfair market practices.”
Rehagen says that biodiesel imports from Argentina and Indonesia surged by 464 percent from 2014 to 2016 taking over 18 percent of the market away from U.S. manufacturers. “The resulting imbalance caused by unfair trade practices is suffocating U.S. biodiesel producers,” said Rehagen.
Based on NBB’s review, Argentine and Indonesian producers are dumping their biodiesel in the United States by selling at prices that are substantially below their costs of production.