European parliament votes to continue requiring ethanol

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Courtesy of Bergeson & Campbell, P.C.

On May 20, 2015, the European Parliament voted to reject a plan that would eliminate the requirement for import licenses of ethanol of agricultural origin. The plan was rejected with a vote of 486 to 164 amid concerns that the loss of ethanol import data that came from the licenses would negatively impact anti-dumping duty cases. The anti-dumping duties were implemented in February 2013, and are valid through February 2018. The duties require $83.03 per metric ton of U.S. ethanol that is exported to European Union (EU) countries. The continuation of ethanol import licenses also ensures transparency, and that current information about the evolution of the ethanol market is available to regulators and other interested organizations.

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