Brazil and Mexico will sign accords to promote ethanol production and biofuel technology exchange, Brazil's Agriculture Minister Reinhold Stephanes said Friday.
"We did not come here to compete with Mexico. We came here to cooperate to develop bilateral production and exports," said Stephanes, who was currently on an official visit to Mexico prior to Brazilian President Luiz Inacio Lula da Silva's visit next week.
"The goal is to have more presence of Brazalian-made biofuel in European and U.S. markets," he said in a statement.
The Brazilian government is convinced that Mexico's conditions are adequate to become a power in the agricultural and biofuel sectors, in which Brazil is one of the world leaders, Stephanes said.
Brazil produces 20,000 million liters of biofuel annually, mostly ethanol from sugarcane. It will also increase its land areas dedicated to sugarcane production to 6 million hectares while Mexico does not have any installation to produce this fuel.
"The central idea is to promote research and agricultural knowledge and integrate a powerful production bloc," Stephanes said.
Brazil, the world's leading ethanol producer, is willing to give Mexico its biofuel knowledge and technology for free, Stephanes said, adding that Brazil also welcomes Mexican investment in ethanol production.
Source: Xinhua
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