Wednesday, October 8, 2014

Agreement Ends Longstanding Cotton Dispute Between Brazil and US

Brazil has signed an agreement with the United States, putting an end to a dispute regarding subsidies for cotton producers, which had dragged on for twelve years. The disagreement, which went to the World Trade Organization (WTO), concerned subsidies that American producers received. In 2009, the WTO allowed Brazilian countermeasures against American trade to the tune of US$830 million - a value which has since shrunk, owing to changes in the methodology used for the calculation.

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