Brazilian Agriculture Minister Tereza Cristina is in conversation with USDA Secretary of State Sonny Perdue about Brazil’s tariff on US ethanol. Next Saturday, Brazil’s 20% tariff on biofuel purchased abroad expires for a volume above a quarterly quota of 150 million liters. As this quota is always exceeded and practically all imported ethanol comes from the United States, Americans ask for the end of taxation, because they practice zero tariff when they buy the same fuel exported by Brazil. The Broadcast (Grupo Estado’s real-time news system) learned that the topic was addressed at a meeting on Tuesday night at the Ministry of Agriculture in Brasilia. The meeting was attended by representatives of the Ministry and the Ministries of Economy and Foreign Affairs. Tereza Cristina must propose to Perdue that the United States stop taxing Brazilian sugar, a product such as ethanol made from sugar cane. In return, Brazil can at least increase its quota of alcohol without the 20% tariff.
Source: Canal Rural