EU extends import duties on US biodiesel until 2020

The EU will extend anti-dumping and anti-subsidy duties on imported US biodiesel until 2020, according to Reuters.

The duties were extended in an EU attempt to maintain its defence against trade in renewable fuels.

The EU argues that should the duties, originally set in 2009 on certain US biodiesel producers, be lifted, the resulting increase in imports could damage European biofuels production.

At issue was a US tax credit of $ 1 per gallon of biodiesel produced, which the European Commission judged was harming European producers.