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

Courtesy: India ITME

Textiles | On 8th Dec 2016

Industry needs to create 1cr jobs in 3yrs: Kavita Gupta

Sharing several initiatives laid out by the government in R&D,...

Textiles | On 8th Dec 2016

Package will boost made-ups sector: SIMA

The reforms package approved by the Union Cabinet to boost employment ...

Textiles | On 8th Dec 2016

Cabinet okays reforms to boost jobs in made-ups sector

The Union Cabinet chaired by prime minister Narendra Modi has given...

Interviews View All

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Manfred Mentges
Sedo Treepoint GmbH

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

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search