https://sputniknews.in/20231101/sugar-related-rivalry-brazil-offers-india-access-to-ethanol-production-technology-5182845.html
Sweet Rivalry: Brazil Offers India Access to Ethanol Production Technology
Sweet Rivalry: Brazil Offers India Access to Ethanol Production Technology
Sputnik India
As part of efforts to settle a sugar-related dispute between the two nations at the World Trade Organisation (WTO), Brazil has offered to share its ethanol production technology with India, an official said.
2023-11-01T18:53+0530
2023-11-01T18:53+0530
2023-11-03T17:29+0530
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As part of efforts to settle a sugar-related dispute between the two nations at the World Trade Organisation (WTO), Brazil has offered to share its ethanol production technology with India, an official said.Brazil is the largest producer and exporter of sugarcane in the world and also the largest producer of ethanol as well as a leader in the technology used for ethanol production. While India is the world’s second-largest producer. Furthermore, India may gain from the idea since it intends to lessen reliance on imported crude oil and progressively raise the proportion of ethanol blended into petroleum-based vehicle fuels.Simultaneously, Brazil has argued that India may use its surplus sugar to produce ethanol, thus solving its fuel crisis. Furthermore, the excess sugar would not be traded internationally or impact world prices. As a result, the proposal has been made and discussions are underway, said the official.Brazil, Australia, and Guatemala dragged India into the WTO's dispute resolution process in 2019 on the grounds that New Delhi's support programmes, like the Fair and Remunerative Price (FRP) for sugarcane farmers, contravene international trade agreements. Later, on December 14, 2021, the World Trade Organization's dispute settlement panel rendered a decision against India.The WTO's appellate body, which has the final say over decisions on these disputes, received an appeal from India in January 2022 challenging the panel's decision. However, years of US pressure have caused the international trade appeals system to reach a breaking point.
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sugar-related dispute, wto (world trade organisation), brazil, ethanol production technology, south american, sugar production, imported crude oil, brazil's flex technology, ethanol economy, brazil, australia, guatemala, fair and remunerative price (frp), international trade agreements, wto's appellate body, international trade
sugar-related dispute, wto (world trade organisation), brazil, ethanol production technology, south american, sugar production, imported crude oil, brazil's flex technology, ethanol economy, brazil, australia, guatemala, fair and remunerative price (frp), international trade agreements, wto's appellate body, international trade
Sweet Rivalry: Brazil Offers India Access to Ethanol Production Technology
18:53 01.11.2023 (Updated: 17:29 03.11.2023) Brazil has offered to share its ethanol-producing technology with India in order to end the sugar-related rivalry between the two countries at the World Trade Organisation (WTO).
As part of efforts to settle a sugar-related dispute between the two nations at the World Trade Organisation (WTO), Brazil has offered to share its ethanol production technology with India, an official said.
The South American country said in its proposal that India would be able to use its surplus sugar supply to produce ethanol with the aid of ethanol production technologies. The offer may enable India to utilise its surplus sugar production and mitigate rivalry with Brazil in the world sugar market.
Brazil is the largest producer and exporter of sugarcane in the world and also the largest producer of ethanol as well as a leader in the technology used for ethanol production. While India is the world’s second-largest producer. Furthermore, India may gain from the idea since it intends to lessen reliance on imported crude oil and progressively raise the proportion of ethanol blended into petroleum-based vehicle fuels.
Meanwhile, the official stated that Brazil's flex technology will tremendously benefit India, referring to the low-cost, simple technological innovation known as the "flex engine," which has been popularised in Brazil since 2003 and provided the ethanol economy a boost once more.
Simultaneously, Brazil has argued that India may use its
surplus sugar to produce ethanol, thus solving its fuel crisis. Furthermore, the excess sugar would not be traded internationally or impact world prices. As a result, the proposal has been made and discussions are underway, said the official.
Brazil, Australia, and Guatemala dragged India into the WTO's dispute resolution process in 2019 on the grounds that New Delhi's support programmes, like the Fair and Remunerative Price (FRP) for sugarcane farmers, contravene
international trade agreements. Later, on December 14, 2021, the World Trade Organization's dispute settlement panel rendered a decision against India.
The WTO's appellate body, which has the final say over decisions on these disputes, received an appeal from India in January 2022 challenging the panel's decision. However, years of US pressure have caused the
international trade appeals system to reach a breaking point.
