Dow Jones – U.S. Chamber of Commerce: U.S. Should Reconsider Ethanol Tariffs

10/6/08


WASHINGTON (Dow Jones)--U.S. tariffs are designed to block ethanol imports at a time when the country needs to need to be securing new sources of energy, the U.S. Chamber of Commerce said in a report released this week.

The Chamber's Blueprint for Securing America's Energy Future highlights the need for free-flowing trade when it comes renewable fuels and stresses the 54-cents-per-gallon tariff is an impediment.

"This poses a significant obstacle to ethanol imports," the report said.

Ethanol produced in the U.S. is primarily corn-based fuel. Brazil, another major ethanol-producing country, already exports some of its sugarcane based fuel to the U.S. despite U.S. tariffs.

Biofuels, like ethanol, should be treated the same as other commodities that the U.S. benefits in trading on an international level, according to the Chamber.

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