Peru: Biofuels Annual
Peru's Consumer Defense and Intellectual Protection Institute (INDECOPI) initiated a countervailing duty (CVD) investigation of U.S. ethanol on April 25, 2017. Peru continues to export fuel ethanol to the European Union at a premium price and imports less expensive U.S. ethanol to satisfy the 7.8 percent gasoline blending mandate. Peru’s biodiesel production is resuming in 2017 as a result of an antidumping and countervailing duties applied to Argentinean biodiesel. The biodiesel blending mandate in diesel fuel remains at 5 percent.
