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Brazil/USA

Joint Declaration on Ethanol Trade between Brazil and the United States

09/15/2020 | 11h32

Brazil and the United States held consultations on their bilateral trade in ethanol. As a result, they decided to hold discussions aimed at obtaining results about an arrangement to increase access to the ethanol and sugar market in Brazil and the United States. They will also consider an increase in access to the corn market in both countries. The two countries will also discuss ways to ensure fair market access alongside any increase in ethanol consumption, as well as to coordinate and ensure that the ethanol industries in both countries are treated fairly and benefit from future regulatory changes in biofuel products in Brazil and the United States. Discussions should seek to achieve reciprocal and proportionate results that generate trade and open markets for the benefit of both countries.

 

These discussions will take place over a period of 90 days beginning on September 14, 2020. During this period, Brazil will maintain a pro-rata tariff quota (TRQ), proportional to the total annual volume of TRQ in effect on August 30, 2020.

 

Brazil and the United States agreed to do so in the spirit of the economic partnership created under the leadership of Presidents Bolsonaro and Trump, recognizing the need to continue to address constructively the effects of the crises generated by the Covid-19 pandemic on their bilateral trade and domestic production.



Font: T&B Petroleum/Press Office
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