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On 1 October 2014, the Ministry of Development, Industry and Foreign Trade announced that, after more than a decade of dispute, Brazil and the United States signed in Washington, a Memorandum of Understanding (MOU) terminating the cotton litigation WTO (DS267). Initiated by Brazil in 2002, the dispute involved domestic subsidies granted by the United States to its cotton producers, as well as programs of export credit guarantees, considered incompatible with the Agreement on Agriculture and the Agreement on Subsidies and Countervailing Measures of the WTO. According to a statement released by the Ministry of Foreign Affairs (MFA), the United States pledged to make adjustments in credit and export guarantee program (GSM- 102), which will operate within the parameters negotiated bilaterally, thus providing better conditions for the competitiveness of Brazilian products in the international market. |
Brazil and USA sign memorandum ending WTO cotton dispute
By Import and Trade Remedies Blog 1 Min ReadCategories:
