WASHINGTON, DC – Growth Energy, the U.S. Grains Council, and the Renewable Fuels Association expressed their disappointment with the news that the Brazilian government amended the recent August 31st rule that raised the quota on U.S. ethanol imports under the tariff rate quote (TRQ) from 600 million liters per year to nearly 750 million liters per year. The TRQ regulates the threshold of ethanol that can be imported into Brazil without triggering a 20 percent tariff.
This is a step backwards in Brazilian government claims that it is an advocate of free markets. Growth Energy, the U.S. Grains Council, and the Renewable Fuels Association released the following statement:
“The decision by Brazil to place seasonal restrictions on its tariff rate quota for U.S. ethanol is disappointing and puts up additional roadblocks to free trade, hurting consumers and our respective ethanol industries.
“For more than 15 years, Brazilian ethanol industry leaders lobbied the U.S. government to drop the tax on imported ethanol, saying:
“The U.S. took the high road and eliminated its ethanol tariff.
“The action by Brazil this week to impose seasonal restrictions on the sale of ethanol does not create a case study in leading by example, but rather the opposite – it is up-ending real opportunities for free trade.”
PHOENIX – Last weekend at the Bluegreen Vacations 500, NASCAR reached a significant milestone, announcing that their drivers have surpassed 15 million miles on Sunoco Green E15, a fuel made with 15 percent American ethanol. NASCAR adopted E15 in 2011 across its three national series to reduce emissions in the sport, while maintaining the high-performance standard needed […]
Pictured above from left to right: Green Plains Inc. Head of International Ethanol Trading Brandon Thomas., U.S. Ambassador to Ghana Stephanie Sullivan, Growth Energy Senior Vice President of Global Markets Craig Willis, U.S. Deputy Secretary of Agriculture Stephen Censky, and Ag Counselor for the U.S. Embassy Charles Rush. WASHINGTON, D.C. – Last week, Growth Energy […]