The World Trade Organization this week sided with Argentina in a biodiesel anti-dumping duties trade dispute. The dispute between Argentina and the European Union started in 2013 and the WTO called on the EU to change its policy, however noted the EU regulation did not violate WTO rules, according to Reuters. The EU was blocking Argentina biodiesel imports. Argentina is a major exporter of biodiesel and called EU measures “protectionist” while the EU argued Argentina was "dumping" or selling biodiesel at below the cost of production and harming local producers. Argentina's Foreign Ministry issued a statement welcoming the ruling, saying being blocked by the EU had cost the country near $1.6 billion in lost sales. Both countries have 60 days to file an appeal.
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