The Commerce Department will instruct the U.S. Customs and Border Protection to collect cash deposits from importers of biodiesel from Argentina and Indonesia based on the subsidization rates indicated in its preliminary determinations.
The Commerce Department is scheduled to announce its final countervailing duty determinations on Nov. 7.
If the Commerce Department makes affirmative final determinations of subsidization and the International Trade Commission makes affirmative final injury determinations, the Commerce Department will issue countervailing duty determination orders. If the department makes negative final determinations of subsidization or the ITC makes negative final determinations of injury, the investigations will be terminated and no orders will be issued. The ITC is scheduled to make its final injury determinations approximately 45 days after the Commerce Department issues its final determinations, if affirmative.
“The U.S. values its relationships with Argentina and Indonesia, but even friendly nations must play by the rules,” said Secretary of Commerce Wilbur 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 $1.2 billion and $268 million, respectively.
The petitioner in the case is the National Biodiesel Fair Trade Coalition, an ad hoc association composed of the National Biodiesel Board and 15 domestic producers of biodiesel.“The Commerce Department has recognized what this industry has known all along — that foreign biodiesel producers have benefited from massive subsidies that have severely injured U.S. biodiesel producers,” said Doug Whitehead, chief operating officer, National Biodiesel Board. “We’re grateful that the Commerce Department has taken preliminary steps that will allow our industry to compete on a level playing field.”