According to the Argentine Ministry of Foreign Affairs, the country has reached an agreement with the European Union (EU) to end a long-running trade dispute over imports of Argentine biodiesel into Europe. The Argentine Chamber of Biofuels (CARBIO) offered a price and volume commitment to allow the restart of exports. Price and volume limits will be announced in March 2019 and the Argentine government expects the EU to ratify and settle on the details of the agreement over the days ahead.
The EU limited biofuel imports from non-European countries in early 2012 and 2013 after concluding that Indonesia and Argentina were dumping biofuels at below cost to gain market shares. In September 2018, the European Commission decided not to reinstate provisional import tariffs on Argentine biodiesel even though it considered imports were subsidised and a threat to the EU industry, saying it needed to collect additional information on the issue.
Argentina is the world's fourth largest biofuel producer (after the United States, Brazil and Germany) with a production of 2.95 Mtoe (2017). It is also the fifth largest biodiesel producer with a total output of 2.6 Mtoe (2017).