WTO Bali meeting could help reduce biofuel tariffs

The WTO meeting in Bali from 8 December, could (theoretically) lead to a reduction in tariffs on biofuels and also support for farmers. According to the GuardianUnlimited, reporting a story from Reuters.

[President] Bush said on Wednesday the United States’ guiding principle in the Bali talks would be to find a way to reduce greenhouse gases “that does not undermine economic growth or prevent nations from delivering greater prosperity for their people.”

It will be interesting to see if this notion of “delivering greater prosperity for their people” extends beyond the US (or even Iowa).

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2 Responses to WTO Bali meeting could help reduce biofuel tariffs

  1. Doris de Guzman 4 December, 2007 at 9:23 pm #

    Hey Simon,

    According to this AP report, the tariff-free proposal will (probably) exclude biofuels as delegates from the US and EU only want to apply it to industrial goods and not agricultural products. One reason is that the US and EU charge high tariffs for cheap biofuels such as ethanol coming from South America.

    D

  2. Biofuelsimon 6 December, 2007 at 2:41 pm #

    The do impose large tariffs but that might alter in the future.

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