The decline of the Chinese biofuel market amid European research and tariffs

by time news

2024-08-17 08:00:31

Temporary customs duties came into force in the European Union on Friday, August 16, regarding Chinese biodiesel. Buying biofuel from China costs between 12% and 36% more than before. Provisional tax, the result of an investigation opened in December 2023 for unfair competition from Beijing. Since the announcement of this study, the Chinese market has fallen.
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