The Obama Administration has made substantial progress to avoid retaliatory measures in a long-running “cotton dispute” brought by Brazil against the United States.
U.S. Trade Representative Ron Kirk and Secretary of Agriculture Tom Vilsack announced that the United States and Brazil have agreed upon next steps toward a negotiated settlement with Brazil.
Jim Greenwood, President and CEO of the Biotechnology Industry Organization (BIO) issued the following statement in support of the Administration's efforts:
“On behalf of BIO and its members, we applaud the Obama Administration for the progress they have made in their discussions with Brazil.
“Thanks to our U.S. negotiating team, we have been spared the imposition of retaliatory measures on a number of products including pharmaceuticals and agricultural seeds.
“We will continue to monitor these discussions within the Administration and in Congress until a long-term solution to this dispute is crafted. We trust that further discussions will result in an agreement that will be mutually-agreeable to both countries, respectful of our Farm Bill process and amenable to American farmers, workers and consumers.”
Biotechnology Industry Organization