01 August 2007 23:21 [Source: ICIS news]
HOUSTON (ICIS news)--Brazil President Luiz Inacio Lula da Silva will travel to Central America and the Caribbean on 5-10 August to promote the use and development of biofuels in the region, official sources said on Wednesday.
Lula will visit Mexico, Honduras, Nicaragua, Jamaica and Panama during the five-day tour, state-run newswire Agencia Brasil said, adding that this was the first trip by a Brazilian president to Nicaragua, Honduras and Jamaica.
Brazil is expected to sign cooperation agreements to strengthen its commercial relations with each country in the region, a government official said.
The agreements are in the energy sector, but also include cooperation in healthcare and agriculture, Agencia Brasil said.
Brazil is a major exporter of ethanol to countries in Central America and the Caribbean, many of which are allowed to ship the biofuel to the US tax-free under the Caribbean Basin Initiative (CBI).Brazil exported 3.4bn litres (898m gal) of ethanol in 2006. Half of those shipments went straight to US ports, while another 486m litres entered the US through CBI countries.
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