Provisional additional customs duties came into force in the European Union this Friday, August 16, concerning Chinese biodiesel. The purchase of biofuel from China now costs between 12% and 36% more than before. A provisional tax, the result of an investigation opened in December 2023 for unfair competition from Beijing. Since the announcement of this investigation, the Chinese market has collapsed.
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Chinese biofuel market collapses amid EU investigation and taxes
