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Argentina has “deep concern” about Spain’s decision to restrict biodiesel imports after the South American nation took control of the local unit of Repsol YPF.
The move will affect 10 percent of its biodiesel exports to the European Union, Argentina’s Foreign Ministry said in a press release on its website today. Argentina said it sent a letter to EU Director General for Trade Jean-Luc Demarty.
Spain revised an incentive program last month to exclude biodiesel produced outside Europe from meeting government requirements for using renewable fuel.
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