EU Ambassador registers complaint about US biodiesel subidies; splash-and-dash

from Official Export Guide

On January 14, Ambassador John Bruton, Head of the European Union (EU) Commission Delegation to the United States, said that he was disappointed at the failed efforts of the United States to end anti-competitive U.S. biodiesel blending subsidies, which threaten the European biodiesel industry and leave U.S. taxpayers subsidizing European motorists.

“The European biodiesel industry is being threatened by a flood of subsidized US biodiesel. It is estimated that around 1 million tons of biodiesel entered the EU from the US in 2007, roughly 15-20% of the EU biodiesel market and a tenfold increase over 2006, Ambassador Bruton said. “American tax credits allow US producers and others — who are eligible for European support as well — to unfairly undercut their competitors in the EU.”

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