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Wednesday, January 17, 2018

Mixed Signals on Argentina Pursuing WTO Case On US Biodiesel Duties

Conflicting reports are surfacing on whether Argentina is pursuing a complaint at the World Trade Organization over U.S. duties placed on imports of biodiesel, with Argentina's new ambassador providing the source of uncertainty.
The prospect of Argentina pursuing a WTO has been floated since the U.S. process started relative to potentially imposing duties on imports of biodiesel from Argentina and Indonesia.
As for filing a complaint at the WTO, Argentina's new ambassador to the U.S. Fernando Oris de Roa told Infobae in an interview released January 15, "Yes, but this way does not prevent to look for a new agreement between the parts."
However, in a separate interview with El Cronista released today (January 16), Oris de Roa said that the country was not yet taking the WTO route. "We are not going to go for the moment. But we preserve the right to go," he said. "To dismiss it would be absurd. We are not going to abandon the struggle to find a reasonable tariff again. But you have to meta-position yourself about the obstacle. They are abusive tariffs, it is true." He also noted the country was still going to pursue finding a solution to the situation, something Argentina has signaled for several months.
Meetings between the U.S. and Argentina have been held on the import duties, but so far, no resolution has been reached. It is not clear what the status of any negotiations is at this stage.