WTO Grants Brazil $295M In Sanctions On US Cotton

Law360, New York (November 20, 2009, 6:40 PM EST) -- The World Trade Organization has authorized Brazil to impose $294.7 million in trade sanctions on the U.S. for supporting cotton farmers with subsidies that the South American country says have harmed it.

The WTO’s Dispute Settlement Body decided Thursday that Brazil could take countermeasures against the U.S., according to a statement from the panel.

In July 2005 and October 2005, Brazil asked to be allowed to retaliate for the U.S.’ failure to comply with previous WTO rulings in the so-called cotton case, the DSB said....
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