empty
 
 

2018.01.1622:50:00UTC+00BRAZIL: Government May Remove Import Tariff From U.S. Ethanol

The Brazilian government may remove the import tariff on the United States ethanol, which currently stands at 20% for volumes exceeding 600 million liters per year, said Agriculture Minister Blairo Maggi.

"Gasoline prices have changed a lot in Brazil. As ethanol prices are linked to gasoline, it seems to me that the protection we put behind us does not make much sense," the minister said. "If we think that this can be withdrawn, I will not have difficulty taking it to the Chamber of Foreign Trade (Camex)," he added.

Brazil imposed the tariff on imports of ethanol from the United States after the country suspended the imports of Brazilian meat because of the discoveries of an investigation which revealed sanitary irregularities in some domestic slaughterhouses.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback