15 March 2011 22:53 [Source: ICIS news]
WASHINGTON (ICIS)--President Barack Obama will discuss the US tariff on Brazilian ethanol during his visit there this weekend, but is unlikely to announce any changes to it on the trip. a top advisor said on Tuesday.
Obama leaves on Saturday for a five-day tour of key Latin American trading partners that also will take him to ?xml:namespace>
In a White House briefing about the trip, Deputy National Security Advisor Mike Froman said that the president would have a “broad-based dialogue with
In meetings with
The US maintains a 54 cent/gal tariff on imports of bio-ethanol, a trade barrier chiefly designed to keep Brazil’s sugar cane ethanol out of the US market, and to protect US domestic corn ethanol producers.
US bio-ethanol producers also benefit from a 45 cent/gal tax credit that the federal government provides to US refiners and fuel blenders to encourage the use of corn ethanol in the nation’s transportation fuels mix.
The tariff and the subsidy have come under increasing criticism in the US Congress, and Brazilian ethanol producers have pressed the
Froman said that the tariff “is an issue of high importance to them, and it will be part of the overall dialogue” that Obama will have with Rousseff.
He added that the
That broad category includes “what we can do together in terms of research, what we can do vis-a-vis third countries in terms of helping third-country production, and also looking at new areas where we might be able to use biofuels”, Froman said, adding: “All those will be on the agenda.”
He said that the tariff issue necessarily would be part of the overall dialogue on biofuels with
“I don’t think we expect an announcement on ethanol tariffs during the trip,” he said. “I think this is just part of our overall dialogue about how to cooperate on biofuels.”
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|