Home / Knowledge / News / Textiles / Brazil to decide steps against US on cotton next month
Brazil to decide steps against US on cotton next month
05
Oct '13
Brazil’s Council of Ministers of Foreign Trade Chamber (CAMEX), chaired by the Minister of Development, Industry and Foreign Trade (MDIC), Fernando Pimentel, has decided to instruct the technical group of retaliation - created by former CAMEX Resolution - to meet until the 30th of November, 2013, to assess whether any measures are to be taken in foreign trade with the US, if necessary, in the context of the country failing to fully deposit its last installment related to the cotton sector.
 
The decision was taken due to the fact that the United States has stopped the payment that had been made to the Brazilian Cotton Institute since 2010, as part of the temporary agreement with Brazil made in lieu of Brazil’s suspension of retaliation authorized by the World Trade Organization (WTO), according to a MDIC press release.
 
In 2010, Brazil won authorization from the WTO to receive US$ 831 million per year, with US$ 591 million in products and about US$ 240 million in intellectual property. But, the two nations agreed to payment of US$ 147 million per year by the US, divided into several installments, and given to Brazilian cotton producers, among others.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 25th Apr 2017

Greater Manchester is high on its textiles industry

Greater Manchester is witnessing a boom in textiles industry with 77...

Apparel/Garments | On 25th Apr 2017

Indian trade leaders to discuss GST, digital payments

Trade leaders from various Indian states will meet in New Delhi to...

Apparel/Garments | On 25th Apr 2017

Foreign buyers paying less for green factory apparel

International buyers are not paying enough for apparel and garments...

Interviews View All

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search