The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Bloomberg
As China turns its back on American ethanol in a lingering trade spat, Brazil is considering opening its doors to US biofuel.
Brazilian authorities are debating whether to yield to Washington’s request to lift ethanol-import duties as a way of facilitating talks for a bilateral trade deal with the US. A broad trade accord would benefit many Brazilian products and may be announced by October. Brazil Agriculture minister Tereza Cristina confirmed that a discussion is going on within the government.