Farmers and biofuel producers in the European Union have long been reporting that biodiesel imports from China are being carried out illegally and based on falsification of the origin of the product. According to import declarations, Chinese biodiesel was supposed to be made from used fats, but in fact it was made from palm oil. The import of biodiesel based on palm oil is prohibited in the EU.
This has been known for at least two or three years. However, the European Commission has only now reacted and announced that it is introducing a punitive tariff on the import of biodiesel from China from mid-August. Customs duties of 13 to 36 percent on imports of the so-called advanced biodiesel from China are to be of a temporary nature – in connection with justified suspicions and until the matter is finally clarified.
The trade war continues
It is difficult not to say that this procedure is another installment of the EU's trade war with China, to which Chinese electric cars have already fallen victim on the one hand, and European pork on the other.
The business of importing cheap "ecological" biofuel from China continued, even though domestic producers were losing money. Now – according to Brussels' forecasts – both EU biofuel producers and farmers supplying raw materials will benefit from the introduction of tariffs. EU officials believe that the demand for rapeseed in Europe and prices in purchases will now increase. We will see.
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