More disputes are expected in the World Trade Organization (WTO) after the Doha round failed, Brazilian Foreign Minister Celso Amorim said Friday.
Brazil considered the U.S. cotton subsidies unfair because they squeezed the farmers in developing countries out of the market, Amorim said at a press conference.
WTO had adopted a final ruling of the dispute in June, and arbitrators should estimate an amount of sanctions.
"Though we prefer to settle disputes by negotiations, Brazil is still considering starting another dispute against the United States over the trade barriers on Brazilian ethanol," Amorim said."If we don't make progress (in the WTO negotiations), disputes will be the only way to resolve the problems."
WTO's Doha round was suspended in July, after India and the United States failed to reach an agreement over the special safeguard mechanism, a measure designed to protect poor farmers by allowing countries to impose a special tariff on certain products in case of import surge or price fall.
Source: Xinhua
|
Comment
Tell A Friend
Print Format
Save Article