Industry News
Brazil may Begin Retaliation Against U.S. Goods on March 1st for Failure to Comply with WTO Ruling in Cotton Dispute
TweetFebruary 24, 2010
According to a press release made by
Based on fiscal year 2008 data,
Although CAMEX has made no statements about when the list will become effective, many suspect the tariffs will be but in place immediately on March 1st. In implementing increased tariffs immediately after unveiling its final list,
The remaining $270 million in sanctions that
To prepare for the second round of retaliation, the Brazilian President signed an executive order on February 11, 2009 allowing for sweeping changes to the country’s intellectual property laws. The order, which must be approved by Congress, could become effective by the end of March, clearing the way for the President to implement the second round of retaliation in 30-60 days.
For its part, USTR has stated that they hope to reach a solution with