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ARGENTINA | 02-02-2018 12:32

US expresses cautious optimism over Argentine biodiesel negotiations

In October, the US slammed Argentine biodiesel imports with steep anti-dumping duties after a Secretary of Commerce investigation found Argentine fuel products were being sold at prices below market value in the United States.

In a significant show of confidence over the future of US-Argentine relations, US Secretary of Commerce Wilbur Ross last night visited the Argentine Embassy in Washington where he met with Argentina’s new ambassador, Fernando Oris de Roa.

The Embassy cocktail party was held to welcome Oris de Roa to Washington.

Speaking to Argentine journalists, Ross indicated that a possibility still existed for Argentina to import biodiesel to the United States.

“We’ll see. It’s a complex issue, on both sides”, he said.

Ross confirmed that he was “trying” to keep bilateral talks.

In October, the US slammed Argentine biodiesel imports with steep anti-dumping duties after a Secretary of Commerce investigation found that Argentine fuel products were being sold at prices below market value in the United States. The duties range up to 70.5 percent. 

Argentina played down the decision at the time, saying that its products had already been blocked out of the US market because of preliminary countervailing duties of up to 64.17 percent.

STEEL, ALUMINIUM

Ross also said that his department had elevated certain recommendations to President Trump about the importation to the United States of steel and aluminium. 

Such restrictions could hurts two major Argentine exporters, Tenaris and Aluar, as La Nación reported Friday.

Ross said it was up to President Donald Trump to decide which of the recommendations his government finally implements and did not elaborate on any of the recommendations.

-TIMES/AGENCIES

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