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Jun 18, 2010

Following WTO win against US cotton, Brazil Suspends Any Trade Retaliation

In 2009, the World Trade Organization (WTO) ruled in favor of Brazil's claim that the U.S. cotton subsidies and export guarantee program are illegal.  Brazil has agreed to suspend $829 million in WTO-approved retaliation against U.S. goods until passage of the 2012 US Farm bill.  In exchange, the U.S. has agreed to some favorable changes to its export credit guarantees and it will give Brazil approximately $147 million in damages a year for a technical assistance fund for cotton growers.

For more see: Harker, Julie. "Brazil puts trade retaliation on hold," Brownfield Ag News for America, 18 June 2010.

About Margaret

CEO and Curator (The Food Museum) | Managing Director and Chief Editor (GR2 Global LLC) | Educator (UCLA PhD) | Researching and writing on global food issues, nutrition and health, sustainability, history (preservation), conservation (natural resources), and design.
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