India rules out ethanol import concessions to US, says no policy change in bilateral trade talks
India mandates mixing 20% ethanol with gasoline. Government regulations allow the use of locally produced ethanol for mixing with gasoline.
India has firmly rejected any concessions on ethanol imports from the United States during their ongoing trade talks, according to a statement from the Indian Commerce Ministry. The ministry clarified that India currently mandates the blending of 20% ethanol with gasoline, and this regulation only permits the use of domestically-produced ethanol for this purpose.
Consequently, the ministry dismissed any claims of a policy shift to allow significant imports of fuel ethanol from the U.S. as misleading. The United States and India have been negotiating a bilateral trade agreement aimed at enhancing market access and reducing trade barriers as part of a broader strategy to strengthen their economic relationship.
It has been reported that a U.S.-India trade deal could be finalized within a period of three to four months, as indicated by a senior U.S. official last month.
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Also reported by 1 other outlet
- India rules out concessions to US on ethanol import for fuel blending thehindubusinessline.com
