ACE Statement on Brazil’s Extension of TRQ on US Ethanol

Sioux Falls, SD – The U.S. and Brazil announced late Friday they’re reinstating for 90 days starting today, September 14, the tariff rate quota (TRQ) on Brazilian imports of U.S. ethanol, which expired August 31 and allowed nearly 200 million gallons of U.S. ethanol to be imported tariff free. American Coalition for Ethanol (ACE) CEO Brian Jennings issued the following reaction:

“While an extension is better than the flat 20 percent tariff on all U.S. exports, this merely kicks the can down the road past the election and can be added to the list of piling uncertainties facing our industry. We have been trying to restore demand at home and around the world and in a year like 2020, finding growth opportunities are of the utmost importance.

“Prior to the imposition of the TRQ, Brazil was the largest export destination for U.S. ethanol producers. Our countries maintained a reciprocal policy of applying minimum or zero duties on ethanol imports for nearly a decade and we hope Brazil will put an end to its protectionist trade policies toward our U.S. ethanol industry. The TRQ unnecessarily limits our export potential and we hope further negotiations will ultimately make it easier for producers to pursue free and fair trade for ethanol in the future.”

The American Coalition for Ethanol (ACE) is powered by people who have built an innovative industry that sustainably delivers clean fuel and valuable food for a growing world. These farmers, ranchers, Main Street businesses, scientists, investors, and renewable fuel producers work together to inform consumers and elected officials that in addition to helping keep gas prices low, creating jobs, improving the economy, displacing foreign oil, and reducing greenhouse gas emissions, ethanol delivers a great deal of human good. Unite with ACE at http://www.ethanol.org and follow us on Twitter at @ACEethanol.

By Brian Allmer - The BARN

Brian Allmer & the BARN are members of the National Association of Farm Broadcasting (NAFB), the Colorado FFA Foundation, the Colorado 4H Foundation, the Colorado Farm Show Marketing Committee, 1867 Club Board Member, Denver Ag & Livestock Club Member, the Weld County Fair Board, the Briggsdale FFA Advisory Council, Briggsdale 4H Club Beef Leader & Founder / Coordinator of the Briggsdale Classic Open Jackpot Show.