Brazil Can Sanction US Over Cotton Subsidies: WTO

Law360, New York (August 31, 2009, 5:48 PM EDT) -- The World Trade Organization has ruled that Brazil can impose almost $295 million in trade sanctions against the U.S. in a dispute over the U.S.' allegedly illegal subsidies for its cotton farmers.

In two reports released Monday, the WTO ruled that Brazil was entitled to a cumulative $294.7 million, far short of Brazil's request of close to $2.7 billion, for the period analyzed by its arbitrators, which includes fiscal year 2006. Annually, the amount of sanctions Brazil can impose will vary depending on a WTO formula,...
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