Brazil will formally file a complaint to the WTO on US soybean subsidies
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Last Update: 2001-11-30
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Source: Internet
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Author: User
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Introduction: Pedro Camargo, Secretary General of Brazil's Ministry of agricultural production and trade, said in a statement that Brazil would formally file a complaint to the WTO before the end of the year, asking for an investigation into the damage caused to the international market by the US government's subsidies for its domestically produced soybeans If the WTO accepts Brazil's complaint to form an arbitration panel, Brazil will have the right to retaliate against us products in accordance with WTO rules According to Pedro Camargo, the appeal is likely to be rejected because it is against US agricultural policy And in the medium to long term, it may even have an impact on the EU Brazil's proposal states that in 1992, the U.S government subsidized domestic soybean production with $120 million Now, the U.S government subsidizes soybean production with $2.5 billion a year, which is equivalent to 20% of the output value of soybean The Brazilian National Agricultural Association and itamarati have designed a new model to study the damage caused by these subsidies in the United States According to the results of the initial calculation, from 1992 to now Brazil has incurred a total loss of 1.2 billion US dollars (author:) share to feed Weibo share to:
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