EU-DIGEST - special edition

The United States and the European Union are poised for a potential transatlantic trade war over U.S. biofuel subsidies, which are 'chasing British and continental firms out of business', the Guardian reported, citing confidential documents it has seen.

The documents show that EU trade commissioner Peter Mandelson and the European Commission have put their signatures to anti-dumping complaints lodged by the European Biodiesel Board, an industry association.

Washington will be asked this week to answer allegations that subsidies amounting to 11 pence a litre on B99 exports from the United States, plus 'splash-and-dash' operations being conducted throughout the United States, represent unfair competition.

For the complete report from Hemscott click on this link