US ethanol industry pleased that Peru reversed countervailing duty case
A Peruvian tribunal has ruled in favor of U.S. producers and reversed a 15-cent per gallon duty on U.S. ethanol in Peru.
The Peruvian National Institute for the Defense of Free Competition and Protection of Intellectual Property Tribunal announced on Friday that the U.S. ethanol industry and the U.S. government won an appeal on the countervailing duty case.
U.S. Grains Council President and CEO Ryan LeGrand says they are pleased the case was reversed.
“Peru is a 40-million-gallon market for us so it’s great to be able to defend and keep that type of market open for U.S. ethanol,” he says.
He tells Brownfield he is hopeful it will set a precedent in that region.
“Colombia has a case against us where a 20-cent per gallon duty has been applied and we’re hoping this Peru can set a precedent and we’ll look for a more favorable outcome in Colombia as well,” he says.
Growth Energy CEO Emily Skor says it was welcome news for the industry.
“It restores a relationship of free trade and fair trade,” she says. “That’s what we’re seeking with every country. It’s very important for us and our ability to compete and help countries meet their own domestic goals whether it’s climate, clean air quality, or rural development and affordable fuel for their consumers.”
The U.S. Grains Council, Growth Energy, and Renewable Fuels Association participated in the case, arguing at hearings in the initial investigation and the appeal in Peru on behalf of the U.S. ethanol industry.