Ethanol industry takes part in USDA trade mission to Peru, Chile

By Erin Voegele | March 15, 2016

Several representatives of the biofuel industry are participating in a USDA trade mission to Peru and Chile March 14-18. The mission, led by Agricultural Secretary Tom Vilsack, aims to expand export opportunities for U.S. food and agricultural products.   

"South America has been one of the fastest-growing world regions for exports of U.S. farm and food products, and Chile and Peru have been among the most rapidly growing markets in the region," said Vilsack. "I look forward to joining U.S. agricultural leaders to explore the many market opportunities that exist in this part of the world, particularly in light of the fact that both Chile and Peru are part of the TPP."

Green Plains Inc., Growth Energy, Poet, Renewable Energy Group Inc., Renewable Fuels Association, and the U.S. Grains Council are among the 34 agribusinesses and organizations participating in the event. Those taking part in the trade mission will meet with potential customers and host government representatives, forging relationships and learning about the market conditions and business environment in Chile and Peru. The USDA indicated this first-hand intelligence will help participants develop strategies to start or expand sales to these key markets.

According to information released by the USDA, Peru and Chile are members of the 12-nation Trans-Pacific Partnership, which concluded negotiations on a trade agreement in October. The USDA said passage of the TPP by Congress will provide new market access for America’s farmers and ranchers by lowering tariffs, eliminating barriers, boosting exports and supporting jobs in America’s rural economies.