US Assesses Potential Losses in Agricultural Exports to EU if the Mercosur Deal Is Finally Ratified
(Merco Press) … One of the US products that can be harmed is ethanol, which makes up 28% of the EU’s ethanol imports according to the agency. Between 2015 and 2019, the US ethanol market share in the EU market was, on average, 22%, while Mercosur’s 7%.
With the agreement Mercosur enjoy a quota-free access for 570 million liters of ethanol for industrial use and 253 million liters of ethanol for other uses, including fuel. The FAS notes, however, that other countries also export ethanol to the European bloc, and it is not yet known which exporting countries will be most affected. READ MORE