Brazil and Costa Rica have entered into an agreement arising from the application of safeguards by the Costa Rican government to Brazilian white sugar imports. The agreement was signed on September 30. Costa Rica has committed to exempting a quota of 4,437 tons of Brazilian sugar from surcharges until August 19, 2023, as well as to zeroing the import tariff levied on ethanol shipments during the first year of Costa Rica’s project to blend the biofuel with gasoline. In 2021, Brazilian sugar exports to Costa Rica reached around US$ 2.6 million.
Source: Jornal Cana (*Translated by Ia Niani)