Brazil to impose sanctions on US
- added June 4, 2008
- 3 responses
-
-
-
- cubbingabout
- added this
-
-
- related topics
-
- News and Politics (39186)
- Politics (27556)
- US (3074)
- Brazil (211)
- Trade (59)
- Sanctions (30)
- World Trade Organization (8)
Brazil will seek sanctions against US after winning a World Trade Organization ruling on cotton subsidies, Brazilian trade official says.
Roberto Azevedo, the Brazilian Foreign Ministry's trade chief, said on Tuesday that Brazil will impose sanctions against the US, leaving it to the WTO to decide this month on the amount and what goods the sanctions would target.
The US lost its final appeal in the billion-dollar trade dispute over subsidies to cotton growers on Monday, giving Brazil the right to ask the WTO to authorize retaliatory trade sanctions until Washington scraps the subsidies.
Azevedo said, "We're going to ask for the authorization to retaliate. The only alternative (to the sanctions) is if the United States takes steps to fully comply with the WTO ruling, but this is an unlikely scenario."
Last month, US legislators overturned a veto by US President George W. Bush and forced through a farm bill that will largely maintain the cotton payments for the next five years.
Brazil and several West African cotton-producing countries have long argued that their farmers suffer because of Washington's payments to US cotton growers, which amount to some $3 billion a year, with Brazil warning that any sanctions imposed will likely target US trademarks, patents and commercial services
Roberto Azevedo, the Brazilian Foreign Ministry's trade chief, said on Tuesday that Brazil will impose sanctions against the US, leaving it to the WTO to decide this month on the amount and what goods the sanctions would target.
The US lost its final appeal in the billion-dollar trade dispute over subsidies to cotton growers on Monday, giving Brazil the right to ask the WTO to authorize retaliatory trade sanctions until Washington scraps the subsidies.
Azevedo said, "We're going to ask for the authorization to retaliate. The only alternative (to the sanctions) is if the United States takes steps to fully comply with the WTO ruling, but this is an unlikely scenario."
Last month, US legislators overturned a veto by US President George W. Bush and forced through a farm bill that will largely maintain the cotton payments for the next five years.
Brazil and several West African cotton-producing countries have long argued that their farmers suffer because of Washington's payments to US cotton growers, which amount to some $3 billion a year, with Brazil warning that any sanctions imposed will likely target US trademarks, patents and commercial services
-
-
-
-
- cubbingabout
- 4 months ago
-
This makes a pleasant change
-
Always the other way round isnt it, just goes to show that countries arent willing to put up with the crap the US hands out any more
-
-
-
-
- cubbingabout
- 4 months ago
-
-
Subsidizing the agricultural industrie (in the US as well as Europa) ruins the existance of thousands (if not millions) of small farmers in developing countries. And the only reason why governments do it is because of a bit more money from the agrobusiness for their reelection and the votes of barely 2% of the population of the western countries (who are good at lobbying)
-
-
-
-
- peter_doerrie
- 4 months ago
-
Login/Registration is required to add a response.
