Peru’s National Institute for the Defense of Free Competition and the Protection of Intellectual Property (Indecopi) earlier this month imposed anti-subsidy duties on imports of US ethanol.
An investigation by the Peruvian agency has determined that US ethanol is coming to the country at artificially low prices and damaging the domestic industry. Indecopi said that during the period 2014-2016, ethanol imports from the US have grown by 194%, while sales by domestic producers fell by 79.5%.
According to the agency, there are 33 different grant programmes by the federal government or different states, supporting US ethanol producers. Some of these count as indirect subsidies as they are directed to corn producers.
The countervailing duty will be USD 47.94 per tonne for all producers and exporters but Murex LLC, which will face a slightly lover tariff of USD 47.86 per tonne. Indecopi’s decision can be appealed.
Provided by Renewables Now exclusively for Essentica.
Peru slaps countervailing duties on US ethanol