If The United States Stops Payment Of Cotton, Brazil Will Implement Trade Retaliation Against The United States.

A senior official in Brazil said 19, if the US Congress refused to comply with it. World Trade Organization It is ruled that the United States may face new obstacles to Brazil's export because of illegal Cotton Subsidy for Brazil.

Antonio Tony, Brazil's foreign ministry, Changan, said: "finally, stop payment", said Patriota. Cotton fund Will constitute Bilateral agreement In default, Brazil will take measures against imports from the United States, including measures for intellectual property rights, and the WTO has authorized Brazil to do so.

The US House of Representatives voted this week to suspend the annual payment of $147 million in Brazil's cotton industry, which is also a non productive and expensive subsidy to Brazil. The United States paid Brazil last year, after which the WTO authorized Brazil to trade $829 million in trade with the United States every year because WTO decided that the subsidy provided by the US government to cotton farmers was illegal.

The bill must be voted in the US Senate, so the final outcome is uncertain.

In recent years, Brazil has won several rounds of victory in the trade friction against the United States. Patralta said the US Senate has decided to give up the import tax on ethanol fuel in Brazil, which has encouraged the Brazil government. He hopes the US House of representatives will agree with the Senate's decision.

Last Thursday, the US Senate voted to abolish the import duty of Brazil's sugar cane ethanol, which is 54 cents a gallon. The import tariff made Brazil's competitiveness of sugar cane ethanol less efficient than that of low efficiency corn ethanol. However, it must be approved by the house of Representatives, so the final result is still uncertain.

In another case, patrerta said that Brazil was pleased to see that this week the US government decided not to challenge WTO's ruling, which would help Brazil export orange juice to the United States.

In March this year, the WTO ruled against the so-called "zeroing". The United States set up an import price of orange juice based on "zeroing". Every imported orange juice below that price will be charged an import surcharge.