date:Mar 13, 2019
per quarter. Volumes above that are taxed by 20 percent. That system ends in August. If not renewed, all imports will be taxed by 20 percent, the general Mercosur tariff.
By comparison, the United States taxes Brazilian ethanol by only 2.5 percent. A higher tariff of $0.54 per gallon was canceled back in 2011.
Gussi, who spoke to Reuters late on Friday, said he believed similar trade conditions should be extended to sugar, a key product for local mills.
Our current, tax-free ethanol quota is