Brazilian Association Says Senator McCain Doubts Legality of U.S. Ethanol Subsidies
The Brazilian Sugarcane Industry Association has posted a quote from Senator John McCain's January 10, 2011 meeting with new Brazilian President Dilma Roussef in which he expressed doubts about the legality of U.S. ethanol subsidies. He is quoted as saying,…
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"I believe the WTO would rule against the United States because it's clearly a subsidy that is neither warranted nor in keeping with WTO regulations." Note that the U.S. has also recently extended its additional import duties on ethanol for another year, through December 31, 2011. (See ITT's Online Archives or 12/22/10 news, 1012228, for BP summary.)