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The United States Says Brazil Avoids Immediate Countermeasures Against The US Cotton Dispute.

2010/7/29 11:37:00 45

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The chairman of the US House raising Committee, San Demy Levin (D - MI), and John S Tanner (D TN), chairman of the trade and Subcommittee on ways and means, jointly announced the joint statement of the office of the United States Trade Representative (USTR) and the Ministry of agriculture (USDA) on Brazil's avoidance of WTO cotton dispute retaliation.

"Today announced that Brazil has decided to continue negotiations with the United States, not against the United States.

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It is a positive development to take countermeasures, "said San Demy Levin, chairman of the fundraising committee (D- MI).

"The office of the United States trade representative and the United States Department of agriculture are trying to prevent Brazil from imposing hundreds of millions of dollars in tariffs on US exports and establishing a framework to continue to work together to resolve the dispute.

I look forward to working with government departments to achieve this goal. "

The chairman of the trade Subcommittee, John S D TN, continued: "I commend the office of the United States trade representative and the US Department of agriculture in the direction of negotiations for settling disputes.

I fully believe that the emphasis on strengthening the important tasks of bilateral relations is in the interests of the United States and Brazil.

I believe that today's development has taken a step in a positive direction, and I look forward to working with the office of the United States trade representative and the United States Department of agriculture to solve the concerns of our farmers.

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Prices and differences are based on official standards, net weight and mixed batch.

The price of upland cotton is FOB motor vehicle delivery, including compression and brokerage costs.

The price of American Pima cotton is FOB warehouse, including the cost of compression.

Basic standard for Upland Cotton: chroma 41, mixed leaf chip grade 4, fiber 34 (1.05-1.07), micron value 3.5,3.6 and 4.4-4.9, strong 26.5-28.4 g / tex, uniformity 80.5- 81.4.