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Argentina Sends Letter to EU Trade Head on Spain Biodiesel Ban

May 14 (Bloomberg) -- 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 SA.

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.

Link to Company News:{REP SM <Equity> CN <GO>}

To contact the reporter on this story: Stephan Nielsen in Sao Paulo at snielsen8@bloomberg.net

To contact the editor responsible for this story: Tina Davis at tinadavis@bloomberg.net

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