Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
612-822-4611

  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Brazil's Wto Case Against the U.S. Cotton Program

Brazil's Wto Case Against the U.S. Cotton Program

Schnepf, Randy

Paperback

General Political Science

ISBN10: 1288668783
ISBN13: 9781288668786
Publisher: Bibliogov
Published: Jan 28 2013
Pages: 30
Weight: 0.16
Height: 0.06 Width: 7.44 Depth: 9.69
Language: English
In late 2002, Brazil initiated a World Trade Organization (WTO) dispute settlement case (DS267) against specific provisions of the U.S. cotton program. On September 8, 2004, a WTO dispute settlement (DS) panel ruled against the United States on several key issues in case DS267. The United States appealed the case to the WTO's Appellate Body (AB) which, on March 3, 2005, confirmed the earlier DS panel findings against U.S. cotton programs. Key findings include (1) U.S. domestic cotton subsidies have exceeded WTO commitments of the 1992 benchmark year, thereby losing the protection afforded by the Peace Clause, which shielded them from substantive challenges; (2) the two major types of direct payments made under U.S. farm programs - Production Flexibility Contract payments of the 1996 Farm Act and the Direct Payments of the 2002 Farm Act - do not qualify for WTO exemptions from reduction commitments as fully decoupled income support and should therefore count against the Peace Clause limits; (3) Step-2 program payments are prohibited subsidies; (4) U.S. export credit guarantees are effectively export subsidies, making them subject to previously notified export subsidy commitments; and (5) U.S. domestic support measures that are contingent on market prices have resulted in excess cotton production and exports that, in turn, have caused low international prices and have resulted in serious prejudice to Brazil.

Also in

General Political Science

View All