Notícias
PRESS RELEASE N. 108
2019-2020 Allocation of Additional Tariff-Rate Quota Volume for U.S. imports of raw cane sugar from Brazil
On September 10, the United States government approved an additional tariff-rate quota volume for imported raw cane sugar, consolidated at the WTO, of 90,718 tons, for the Brazilian fiscal year 2019-2020. On September 21, the United States Trade Representative (USTR) informed the Brazilian Ministry of Foreign Affairs that, from this total, 80,000 tons would be allocated to Brazil, which amounts to 88.2% of the total allocation.
With the announcement, the U.S. quota allocated to Brazil increases from the current 230 thousand tons to 310.8 thousand tons. It should be noted that the tariff-rate quota volume allocated to Brazil was 152.6 thousand tons at the beginning of the above-mentioned fiscal year and that it had already been increased in February and April. Since then, Brazil’s share in the total U.S. raw cane sugar tariff-rate quota has grown from 13.7% to 20.3%.
This initiative, expressed in this month’s Joint Statement on US-Brazil Trade in Ethanol, shows the importance of the Brazil-U.S. economic partnership created by Presidents Bolsonaro and Trump.
Through negotiations under the Joint Statement that will go on until December 13, Brazil will continue to work with the United States toward finding solutions to the benefit of bilateral trade on sugar, ethanol, and corn, thus boosting income and jobs in the two countries.