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Jeb Bush Discusses Brazil's Ethanol Importation - 6/08/06

Florida’s Governor Jeb Bush said the U.S. should drop tariffs on ethanol imported from Brazil boosting the importation of ethanol.

Bush’s plan calls for the nation’s usage of ethanol to increase to 15 billion gallons by 2015 annually. Bush laid out his plan during a meeting of the Florida FTAA at the Biltmore Hotel in Coral Gables. Roberto Rodridgues Brazilian Minister of Agriculture was in attendance.

It is the goal of the private-public Florida FTAA to make Miami the site of the permanent secretariat of the Freed Trade Area of the Americas.

Bush said “It makes no sense to have no tariffs for the importation of oil from unfriendly countries like Venezuela while having tariffs form friendly countries like Brazil:.

Bush said the ethanol would most likely be imported through the Port of Everglades and Port of Miami.

Brazil produces 4 billion gallons of ethanol a year. They sell ten percent of their production to foreign markets. 70 million gallons a year is imported into the U.S. from Brazil a year.

Summarized Source
South Florida Business Journal
June 6, 2006

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