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Agreement with Brazil will save American businesses - Ron Kirk
30
Jun '10
U.S. Trade Representative Ron Kirk commented on the signing of a framework regarding the Cotton dispute. The framework, announced on June 17, 2010, averts the imposition of countermeasures by Brazil against the United States of more than $800 million this year.

This includes more than $560 million in countermeasures against U.S. exports which were scheduled to go into effect on Monday, June 21, 2010, as well as possible countermeasures on intellectual property rights that could have taken effect later.

“This agreement is saving American businesses and workers from the effects of hundreds of millions of dollars of retaliatory tariffs,” said Kirk. “I am pleased that we have negotiated a framework that will protect jobs and livelihoods here in the United States, and I'm pleased to see this framework signed to seal the agreement.”

The full text of the framework can be found online here.

U.S. Trade Representative

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