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Argentina and Peru, to seek resolution to biodiesel dispute

 

 

 

By Reuters Staff

BUENOS AIRES
Petroleumworld 11 06 2017

Argentina and Peru are seeking to resolve a dispute stemming from Peru's decision to apply anti-dumping tariffs on imports of Argentine biodiesel a year ago, Peruvian President Pedro Pablo Kuczynski said on Friday.

In a joint statement following a meeting with Argentine President Mauricio Macri in Buenos Aires, Kuczynski said the two countries would also discuss the price of Peruvian corn imports from Argentina.

“We want Peruvian consumers to benefit from the Argentine Pampas,” Kuczynski said, referring to Argentina's vast grains belt. “There are some pending items that we are going to try to resolve as quickly as possible, including the range of corn prices and biodiesel.”

In October 2016, Peru slapped tariffs on imports of biodiesel from Argentina for a period of five years after complaints of unfair competition. The Argentine Biofuels Chamber said at the time that the measure was against World Trade Organization norms and that it planned to take legal action.

Peru is the second-largest importer of Argentine biodiesel after the United States, which earlier this year announced steep duties on the imports. The Argentine government has asked for negotiations, and the U.S. Commerce Department is working on a possible agreement to suspend the tariffs.

Argentina is the world's third-largest exporter of corn and soybeans.

In the joint statement, Macri said the two technocratic, business-friendly leaders had signed eight deals to increase trade between the two South American countries' private sectors.



Reporting by Eliana Raszewski; Writing by Luc Cohen; Editing by Phil Berlowitz from Reuters.

reuters.com 11 03 2017

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