WASHINGTON, D.C.—On Thursday, June 13, the International Commerce Chamber at Brazil’s Ministry of the Financial system (CAMEX) upheld an 18 p.c tariff on U.S. ethanol.
With help from the Brazil Affiliation of Gasoline Importers (ABICOM), the U.S. ethanol business and the U.S. authorities beforehand submitted feedback advocating for everlasting tariff elimination throughout a public session interval that ended on April 11. Collectively, the U.S. ethanol business – together with Development Vitality, the U.S. Grains Council, and the Renewable Fuels Affiliation—reacted to CAMEX’s choice with the next assertion:
“We stay extraordinarily upset with this outcome and urge CAMEX and the Brazilian authorities to take away tariff limitations on U.S. ethanol and use this as a chance to strengthen the bilateral agenda and stimulate commerce cooperation between Brazil and the USA. This tariff has positioned a heavy monetary burden on Brazilian shoppers in a misdirected effort to guard the home Brazilian ethanol business, which enjoys free and growing entry to the U.S. market.
“The U.S. business stays united in looking for parity with Brazilian exports with reciprocal market entry and can search to take further measures to rectify this unfair tariff therapy.
“We’re dedicated to striving for truthful and balanced commerce in ethanol with Brazil.”
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