UPDATE 3-Argentina says clinches deal to resume biodiesel exports to EU [Reuters]
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Source: Reuters
Argentina says clinches deal to resume biodiesel exports to EU BRUSSELS/BUENOS AIRES (Reuters) - Argentina and the European Union (EU) reached an agreement to end a dispute over exports of biodiesel from the South American country to the bloc, the Argentine Ministry of Foreign Affairs said on Wednesday. The deal establishes price and volume limits to be announced next month, the ministry said in a statement. The deal marks the end of a long trade dispute and could help bolster Argentina’s critical soybean sector. Argentina is the world’s top producer of soyoil, the main ingredient used to make biodiesel. Earlier on Wednesday, a European Commission source told Reuters that European Union countries backed a proposal to impose anti-subsidy duties on Argentine biodiesel imports, with an exemption for producers that agree to a minimum price. Argentina celebrated the deal as a victory for the country’s biofuels sector. A statement from the foreign ministry said it expected Europe to ratify
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