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India, Brazil begin talks to resolve sugar-related trade dispute at WTO
Mint Mumbai
|September 18, 2023
India and Brazil have started talks to mutually resolve a sugar-related trade dispute at the World Trade Organization (WTO)
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As part of the solution the South American nation may share ethanol production technology with New Delhi, an official said.
Brazil is the world's largest producer of sugarcane and ethanol. It is also a leader in the technology used for ethanol production.
"A few rounds of talks have been held as part of our efforts to resolve the dispute. We have also held inter-ministerial meetings here. Brazil is saying that they will share with us technology for ethano (production). It is a positive thing," the official said.
Ethanol is used to blend with oil to power vehicles. Use of ethanol, extracted from sugarcane as well as broken rice and other agri-produce, will help the world's third largest oil consumer and importing country cut its reliance on overseas shipments.
Dit verhaal komt uit de September 18, 2023-editie van Mint Mumbai.
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