Brazil celebrates as U.S opens markets for ethanol

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Brazil celebrates as U.S opens markets for ethanol
(BDCi) – Fore more than 30 years, Brazil fought against the United States’ high tariffs on imported ethanol.

Now, the South American nation is celebrating its victory against U.S protectionism. On December 31, 2011, the U.S tariff on imported ethanol expired.

The tariff had made exporting ethanol to the U.S very difficult for Brazilian producers, said Ge’raldine Kutas, who heads the international affairs department at the Brazilian Sugarcane Industry Union Unica.

Worldwide, Brazil is among the leading producers of biological fuels based on sugarcane. Brazil is the second largest producer of ethanol on the globe. Only the U.S produces more ethanol, however it is based on corn. Together the two countries account for 70 percent of global ethanol production and more than 80 percent of the global ethanol trade.

By: Natania Levine

Courtesy: dw-world.de

Photo: thetruthaboutcars.com

16 January 2012

10:37 a.m P.S.T

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