25 February 2009 19:45 [Source: ICIS news]
SAN ANTONIO, Texas (ICIS news)--The US ethanol industry on Wednesday conceded that a small reduction in the tariff on Brazilian imports would be fair, given the reduction in the US tax credit for blending the biofuel.
But the two sides remained far apart on whether there should be any tariff at all.
"Unless one is dyslexic, 54 cents/gal is more than 45 cents/gal," Joel Velasco, the chief US representative for
Bob Dinneen, president of the Renewable Fuels Association (RFA) and the chairman of the panel, acknowledged the difference.
The RFA, which represents 90% of US producers, was considering support for parity between the tariff and the credit, Dinneen said.
But Dinneen defended the
Velasco said the Brazilian group had also opposed the tariff at that time. Unica opposes any type of trade restriction, he said.
The tariff dispute came under the spotlight this week on news that
Dinneen said he hoped
Velasco told delegates that the decision not to join at this time was due to resource restrictions. He did not directly link the decision to the trade dispute.
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