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Ethanol diplomacy: creating a world market

Overview

Ethanol issues will give real substance to this week's Bush-Lula summit in Sao Paulo - despite the impossibility of the US budging on its ethanol import tariff. From their respective perspectives as exporters and importers, both Brazil and the US share an interest in making ethanol a global commodity. The potentially huge global economic opportunity for Brazil in ethanol depends on the emergence of a viable world market. This, in turn, depends on establishing recognised ethanol...

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