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Brazil-Germany discuss 2% ethanol in German gasoline
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São Paulo, May 28 - The Brazilian and German governments are negotiating a 2% ethanol mixture to German gasoline, with a view to creating a European market for the Brazilian sugarcane-based fuel.
This theme is to be one of the main points discussed at the Brazil-Germany Committee on June 18 in Berlin.
The Brazilian side at the talks will be headed by Development, Industry and Foreign Trade Minister Luiz Fernando Furlan.
In the ambit of EU-Mercosur free trade talks the Europeans have proposed the purchase of a billion liters of Brazilian ethanol annually. Brazil has a target of selling 3 billion liters to the EU.
"In order to do that, however, we´d have to create a market that doesn´t yet exist in Europe," said Maraio Mugnani, the secretary of Brazil´s Chamber of Foreign Trade.
Paula Puliti
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5/28/2004
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