Brazil Again Postpones Trade Retaliation Against United States


Brazil Again Postpones Trade Retaliation Against United States


Originally published in the April 27 edition of World Tax Daily (Copyrights Tax Analysts)

Brazil’s Foreign Trade Chamber (Câmara de Comércio Exterior, or CAMEX) has again postponed the entry into force of Brazil’s retaliatory measures — particularly higher import tax rates for some U.S. products — against disputed U.S. cotton subsidies. The latest CAMEX resolution to postpone the sanctions, Resolution 20/2010, was published in the official gazette of April 22.

Resolution 19/2010 stated that the retaliation measures would enter into force on April 22. Resolution 20/2010 postpones the measures until June 21 to give more time for the negotiation and conclusion of other aspects of Brazil’s WTO award of its complaint regarding U.S. cotton subsidies.

David Roberto R. Soares da Silva