The Renewable Fuels Association has come out against the idea of lifting the tarriffs on Brazilian ethanol. RFA President Bob Dinneen released the following statement:
“Expanding the marketplace for ethanol around the globe is an admirable goal and one that should be commended and explored. But it must be done in the context of fair trade. No effort to encourage ethanol production in the Western Hemisphere or around the world should require American taxpayers to bear the burden. Yet, that is exactly what President Lula and the Brazilian government are asking for in calling on President Bush to end the credit offset which prevents U.S. taxpayer subsidies for foreign ethanol. The credit offset poses no barrier to Brazilian ethanol which has enjoyed more than 30 years of government support dating back to the military dictatorships of the 1970s..."
Thanks for reading!
3 years ago