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Politics News

US-Brazil deal to boost bio-fuels
The United States and Brazil have signed an agreement to develop alternative fuel sources
 UNITED STATES OF AMERICA , 9-March-2007  10:18:53 AM
US President George W Bush said that by reducing oil dependence the two countries would be helping security, their economies and the environment.

His host, Luis Inacio Lula da Silva, said the deal was a new moment for the car industry, fuel production and humanity in general.

On Thursday at least 20 people were hurt in protests at Mr Bush's visit.

More demonstrations are expected

Mr Bush will also go to Uruguay, Colombia, Guatemala and Mexico during his six-day tour of Latin America.

Coinciding with Mr Bush's visit to Uruguay, Venezuelan President Hugo Chavez is visiting Argentina.

He is expected to hurl insults at Mr Bush at a rally in a football stadium in Buenos Aires.

Ahead of the rally, the Venezuelan leader described Mr Bush's tour as an "imperialist offensive" aimed at dividing left-wing movements in the region.

The BBC's Daniel Schweimler, in Buenos Aires, says Mr Chavez will find an enthusiastic reception to his fiery brand of anti-US rhetoric.

'Strategic partnership'

Mr Bush and Mr Lula met at a fuel distribution plant in Sao Paulo.

The meeting came as US Secretary of State Condoleezza Rice and Brazilian Foreign Minister Celso Amorim signed a deal making ethanol an internationally traded commodity and promoting its production in Central America and the Caribbean.

It will pool the experience and technology of the two countries, who are the world's biggest producers of ethanol.

"We come to celebrate a strategic partnership between the United States and Brazil," Mr Lula said as the two men toured the plant.

They said that increasing bio-fuel use would lead to more jobs, a cleaner environment and less dependence on oil.

"We see the bright and real potential for our citizens being able to use alternative sources of energy that will promote the common good," Mr Bush said.

Together with the US, Brazil produces about 70% of the world's ethanol, a bio-fuel made from sugar cane or corn.

From : http://www.news.bbc.co.uk/  

Posted By : Desi

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