Trade and markets
 

Detail

Area
Argentina
Commodity Group
Biofuels
Commodity
Biodiesel
Date
01/06/2017
Policy Category
Trade
Policy Instrument
Biofuel policy
Description
Temporarily suspended the country’s export duty on biodiesel, with a view to improve the competitiveness of Argentine biodiesel on the world market.
Notes
The Argentine Government suspended the country’s export duty on biodiesel for the months of June and July. In April and May, the variable duty, which is reviewed on a monthly basis, stood at, respectively 7.05 percent and 0.13 percent. The duty’s suspension is expected to improve the competitiveness of the Argentine biodiesel on the world market, at a time when the country’s export prospects are threatened by reduced demand from key buyers, notably the United States (see below and MPPU June’17).