Brazil has raised the quota on U.S. ethanol imports under the tariff rate quota, up from 600 million liters per year to nearly 750 million liters per year. Growth Energy’s Senior Vice President of Global Markets Craig Willis says that’s a step in the right direction but more needs to be done to get that tariff totally removed.
He says what’s disappointing is that Brazil has free access to the U.S. market while U.S. ethanol is hampered by the tariff if it goes above their quota.
Willis says what they’re aiming for is getting the tariff eliminated within a year or sooner.
Willis says they’re continuing to weigh in on the ethanol issue with Brazil as that country wants a free trade deal with the U.S. He says for that to happen, Brazil needs to fully open their market.
