Brazil weighs WTO ethanol case against US
Brazil says it is likely to ask the World Trade Organization to open a blockbuster case into US ethanol tariffs.
By Agencies |
GENEVA : Brazil says it is likely to ask the World Trade Organization to open a blockbuster case into US ethanol tariffs.
Brazil's WTO ambassador Roberto Azevedo says there is a ``strong possibility'' that the Latin American country will make a formal complaint in September. Brazil would then be able to ask for the establishment of a WTO panel if consultations with the United States fail.
Azevedo commented on the possible dispute Wednesday, a day after global trade talks collapsed in Geneva. There is speculation a rash of new trade disputes may now follow.
The case would concern a US ethanol tariff of 54 cents per gallon. Critics say the tax is designed to protect American corn farmers who cannot produce the fuel as cheaply as sugarcane growers in Brazil.
Download
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
