Brazil: Brazil Eliminates Import Tariffs for Ethanol through December 2022

On Monday, March 21st, the Government of Brazil (GOB) decided to temporarily eliminate the import tariff of ethanol, as well as five other agricultural products (coffee, margarine, cheese, spaghetti, sugar, and soybean oil). The decision was made at a meeting of the Executive Management Committee (GECEX) of the Brazilian Chamber of Foreign Trade (CAMEX), in order to help mediate rising gasoline prices. Zeroing the tariff should benefit exports of U.S. ethanol to Brazil, which have been negatively impacted by tariffs since 2017.