The federal government will only allocate to local producers the annual quota-free import quota of 750 million liters. Distributors and other importers will continue to have to pay a 20% tariff for all biofuel they buy abroad. In addition, each producer or group of mills will be able to import a maximum of 2.5 million liters exempt until the end of August 2020, when the quota expires. The deliberation of the Executive Management Committee of the Executive Secretariat of the Foreign Chamber of Commerce (Gecex / Camex), this week, depends on publication in the Federal Official Gazette to take effect. It was also defined as the time division of the import quota in the period between August 31 of this year and August 30 of the next year. Until February 29th, 2020, that is, over a period of six months, the maximum imported and exempt volume of 20% will be 200 million liters. As imports in September totaled 65.3 million liters, the total remaining without tariff until the end of February is 134.7 million liters of ethanol. Between March 1st and May 31st , 2010, the volume without tariff will be 275 million liters. For the remaining three months, from June 1 to August 30, another 275 million liters of ethanol could be purchased without the 20%. The measure meets demand from Northeastern ethanol producers, as the smaller quota of 200 million liters, for the longest period, of six of the 12 months, coincides with the local sugarcane crop. The region is the gateway to imported biofuel, primarily from the United States, which depresses local ethanol prices. The remaining 550 million liters without tariff, divided equally in two quarters, may enter the country at the beginning of the country’s sugar cane crop.
Source: Udop