Brazil calls for power to impose counter-measures against US in cotton case
18 Jul '05
2 min read
Brazil acknowledged that the US measures and announcements constituted a positive step towards the resolution of the dispute, but stated that much more had to be accomplished before it could be recognized that the rulings had been fully implemented.
Brazil also hoped that the US Congress would follow up with concrete and timely actions that may enable a mutually satisfactory solution.
In its statement, the US drew attention to the steps it had taken to implement, pointing to the administrative changes to the three agricultural export credit guarantee programmes, effective 1 July 2005, and the legislative proposal, announced on 5 July, to repeal the STEP 2 programme.
The US reiterated its intention to implement fully the rulings, and stressed its belief that the arbitration, once suspended, would not need to be re-activated.
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
