Argentina government officials announced on Monday, November 18th, they plan to take legal action against Spain for exclude the country from its list of imports of biodiesel. As announced, the Argentina suppliers do not appear in the list of importers and or other suppliers located outside the European Union.
Spain which was the largest European buyer of Argentina biodiesel began to restrict imports in 2012, after the Latin American country expropriated 51% of the oil company YPF, owned by Repsol, based in Madrid.
The measure, according to data from the Argentina government, endangers nearly 2 million jobs in the country. Argentina still faces problems with the European Union that accuses him of practicing “dumping”, having increased since April import taxes on its biodiesel. Since then the Argentina biodiesel exports fell 79%.