Friday, March 09, 2007

What's that about?...

News reports all seem to have obligatory coverage of the "ethanol pact" or biofuels agreement" or "ethanol accord" between Brazil and the US. All of them dutifully report what it doesn't include:

Raising a point of contention with the U.S., tariffs, Brazilian ethanol producers wanted Lula to press Bush to end the 54-cent-a-gallon levy on fuel shipped to the U.S.

``It's not going to happen,'' Bush said at a joint press conference with Lula today. The U.S. president said the law governing the tariffs ends in 2009 and that ``we'll look at it when the law ends.''

So what exactly did Bush and da Silva agree to, you know, actually do?

As near as I can tell, they agreed to sign an agreement.

Now we're getting somewhere!

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