Home / Knowledge / News / Textiles / Brazilian senate to discuss measures on US cotton subsidy
Brazilian senate to discuss measures on US cotton subsidy
29
Jan '14
The Committees on Foreign Relations and National Defense, as well as on Agriculture and Agrarian Reform of the Brazilian Senate would be meeting in February 2014, in order to discuss retaliatory measures to be taken against the US on the cotton subsidy issue, after the commencement of the work of National Congress of Brazil during the same month.
 
The meeting is being convened at the request of Senator of the Brazilian state of Mato Grosso do Sul Waldemir Moka, who during a recent meeting at the Ministry of Development, Industry and Trade (MDIC) suggested that measures should be discussed for retaliating against the US on failure of payments to the Brazilian Cotton Institute (IBA), states a press release issued on the Mato Grosso do Sul Senator’s website.
 
Senator Moka states that Brazil should impose barriers against the US as a way of demonstrating dissatisfaction with the interruption of payments agreed by the US and Brazilian Government, on the US cotton subsidy issue.
 
Regardless of the consequences, Brazilian Government must express to the US not to breach the contract and its terms, he added.
 
In 2010, Brazil had challenged US cotton subsidies at the World Trade Organization (WTO) and won authorization to receive US$ 831 million per year, with US$ 591 million in products and about US$ 240 million in intellectual property.
 
Through a memorandum of understanding (MoU), the US Government agreed to make an annual payment of US$ 147.3 million, in monthly installments to the IBA, until the Farm Bill was passed, which would eliminate the long-standing subsidies that caused the dispute.
 
However, after a recent visit to the US, Brazilian cotton producers expressed disappointment on US Congress’ delay and lack of efforts undertaken for passing the Farm Bill in time to comply with the international standards on cotton subsidies in order to avoid trade sanctions on US exports to Brazil.
 
The last farm bill expired on September 30, 2013, and the US Government stopped paying its monthly installments to the IBA since September 2013.
 

Fibre2fashion News Desk-India


Must ReadView All

Textiles | On 24th Jul 2017

Irani terms GST as a ‘great step towards transparency’

Union textiles minister Smriti Irani has termed the Goods and...

L-R: Dhanapal, JMD, Best Corporation; Prabhu Damodaran, Convenor, ITF; Narayanasamy, MD, Micro Cotspin; Senthilnathan, MD Rasitex India; and Sabapathy, MD, Prasanna Spinning Mills

Textiles | On 24th Jul 2017

TN mills seek partnership with cotton growing states

Spinning mills in Tamil Nadu are seeking stronger partnership with...

Textiles | On 24th Jul 2017

TEA urges Tamil Nadu govt to announce textile policy

The Tiruppur Exporters' Association (TEA) has urged the state...

Interviews View All

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Suresh Patel
Sidwin Fabric

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

Lynda Kelly
Suominen Corporation

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Jay Ramrakhiani
Occasions Elegance Wear

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

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


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



X