NCC Statement on Action by WTO Dispute Settlement Body
The NCC submitted a statement today on the action taken by the World Trade Organization’s (WTO) Dispute Settlement Body brought by Brazil against the US export credit gaurantee program and portions of the US cotton industry. Also available is a <a href=/issues/2009/panelsummary.cfm>summary</a> of the arbitration decision.
Today, the World Trade Organization’s (WTO) Dispute Settlement Body officially recognized the August 2009 Arbitration Panel finding in the case brought by Brazil against the U.S. export credit guarantee program and portions of the U.S. cotton program. Under the ruling, Brazil can impose up to $147 million annually in countermeasures related to the U.S. cotton program. The amount of countermeasures
In September, the Council joined 34 other agricultural organizations in a letter to USTR urging the United States to seek a new WTO compliance panel to update the ruling on the GSM-102 export credit guarantee program. The Council believes the WTO’s decision does not reflect changes made to the GSM-102 program since 2005. Additionally, the ruling does not appreciate the market and policy changes for
"It is astonishing to think to that anyone would conclude today that
Chairman Hardwick stated, "The Council will continue to work with USTR, USDA and Congress to ensure that the many changes previously made to the
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