January 15 (Renewables Now) - The European Commission is close to ending a trade dispute with Argentine biodiesel producers related to the imports of the product in Europe.
The Commission said last week that it is ready to accept an agreement with the Latin American producers based on a promise to sell the biodiesel at a minimum price. The value of the mentioned minimum price was not disclosed, Reuters reported on Monday.
A commission spokesperson told Reuters that the planned move would exclude these products from anti-subsidy barriers and once again establish a fair ground for competition with European producers.
The interested parties have until January 18 to comment on the proposal, while there is a deadline of February 28 for the imposition of anti-subsidy barriers.