Houston (Platts)–25Oct2013/527 pm EDT/2127 GMT A plan to end tariffs on jet fuel imports into Europe next year may open arbitrage opportunities for US traders and exporters. The European Commission is expected to soon unveil plans to make jet fuel imports into Europe permanently duty free from January 1. The proposal would remove a 4.7% tariff on cargoes into Europe, putting US jet fuel on a more level playing field with Asian and Middle East shippers who enjoyed the break. “Although the US will use most of the jet domestically, a [break] on the duty may bring some arbitrage opportunity as opposed to now where we will see zero moving in that direction,” a US market source said. The EC had been set on January 1 to impose the 4.7% duty — around $50/mt — on jet fuel imported from the Persian Gulf, India, Venezuela and Libya, basically treating […]