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U.S. Bioethanol Producers Win End of EU Tariff Threat

The European Union will drop a threat to impose anti-subsidy tariffs on U.S. bioethanol, avoiding trade barriers for American producers such as Archer- Daniels-Midland Co. (ADM)

The European Commission gained support from EU governments to close an inquiry into whether U.S. bioethanol makers that also include Valero Energy Corp. (VLO) and Poet LLC receive trade- distorting government aid. The commission, the EU’s trade authority, opened a subsidy probe in November 2011 that could have led to five-year import levies on U.S. manufacturers.

At a meeting today in Brussels, ministers from the 27- nation EU didn’t object to a commission report “announcing the termination of the anti-subsidy proceeding.” The decision to end the investigation without imposing tariffs will take effect after being published in the EU Official Journal by Dec. 25.

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