Brazil Delays In Retaliation For Us Cotton Subsidies

Brazil says it will import hundreds of American goods. tariff The time was postponed until April 22nd, while Brazil was negotiating with the Obama administration on cotton subsidies.

Brazil plans to impose high tariffs on American products in April 7th, including cotton, men and women trousers, food, sunglasses and mobile phones.

The United States and Brazil are working together to take several steps, which are likely to abolish Brazil's trade retaliation.

These steps include: changing the US cotton The export credit guarantee scheme sets up an annual aid fund framework of 147 million US dollars for the cotton industry in Brazil. The duration of the aid fund will continue until the next US agricultural law is passed, or if the two sides reach an agreement on the cotton dispute, the two sides will soon reach an agreement on the cotton dispute.

Brazil also wants * the United States to declare Santa Catarina's foot and mouth disease and swine fever. Imported Restrictions should be set up to open up more markets for meat exports in Brazil.

If these measures are implemented, Brazil will delay the implementation of retaliatory measures for 60 days. During this period, the two sides will work together to find a permanent solution to the problem of cotton subsidies.

Brazil and the United States were both major cotton producers. The trade wars between the two sides broke out in 2002 and then turned into a protracted protracted war. Then, the case was submitted to the WTO. Brazil accused the United States of providing $3 billion subsidy to cotton farmers every year. Brazil said that the United States Cotton Subsidy to suppress world cotton prices, damaging the interests of cotton farmers in South America, Africa and other parts of the world.

In August 31st, the WTO expert group announced that Brazil could impose trade sanctions against American products as a revenge for cotton subsidies. According to the fiscal year 2008 figures, the amount of trade sanctions can be as high as US $829 million, but if the figures are calculated in 2009, the number of sanctions may be even greater.