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Brazil Is Poised To Begin WTO Protest Over Ethanol Tariffs
By Mr Ethanol | July 30, 2008
International Herald Tribune:
Brazil is likely to ask the World Trade Organization to open a blockbuster case into U.S. ethanol tariffs, a senior official said Wednesday, outlining the first possible dispute to arise as a result of this week’s global trade talks collapse.
Roberto Azevedo, Brazil’s WTO ambassador, said there was a “strong possibility” that the Latin American country would make a formal complaint in September. Brazil would then be able to ask for the establishment of a WTO panel if a two-month consultation period with the United States fails to produce an agreement.
The case would concern a U.S. ethanol tariff of 54 cents per gallon, which critics say is designed to protect American corn farmers who cannot produce the fuel as cheaply as sugarcane growers in Brazil.
The U.S. considers ethanol the only U.S. product outside the scope of WTO rules, but Brazil would challenge this designation so that tariff cuts on the fuel would have to be a part of any future global trade pact.
Such an accord is unlikely in the short run after talks among the world’s top commercial powers collapsed Tuesday, as a debate over farm import rules caused an unbridgeable divide between the United States and developing nations led by China and India. Brazil’s move against the U.S. on ethanol may be one consequence of the talks’ collapse, as it appeared Brazil would win help on its ethanol concerns in return for supporting a global deal. Read full article.
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