Brazil and United States ink agreement on biofuels
The agreement was announced on Friday (09) morning, in the southeastern Brazilian city of São Paulo, during the visit of the president of the United States, George W. Bush, to Brazil. During a meeting with the president of Brazil, Luiz Inácio Lula da Silva, at Transpetro, a subsidiary of Petrobras, a memorandum of cooperation was signed in the field of biofuels production. Nevertheless, the memorandum does not address the reduction in export tariffs for ethanol to the United States, one of the m
