Agricultural News
Wheat Industry Grateful to See Delay in Sanctions Against the US by Brazil
Wed, 07 Apr 2010 12:41:43 CDT
The National Association of Wheat Growers and US Wheat Associates have issued a joint statement, expressing relief that wheat will not be targeted for retaliation by the Brazilians in the Cotton Dispute Case that they have won against the United States.
"The U.S. wheat industry is very pleased that the U.S. and Brazilian governments have been able to identify a process for negotiating a settlement in the World Trade Organization (WTO) dispute between our two countries. Brazil recently won the right to impose countermeasures against U.S. trade and planned to increase U.S. wheat tariffs to 30 percent from 10 percent today as part of its response. Yesterday's agreement ensures that U.S. producers will remain competitive in one of the world's largest wheat markets.
"The demonstrated willingness of the Brazil and U.S. governments to begin in good faith to negotiate a settlement is very encouraging. In particular we commend the efforts of Under Secretary Jim Miller, Ambassador Miriam Sapiro and Ambassador Isi Siddiqui in achieving this outcome, and we look forward to working with them and Members of Congress as discussions on this issue continue."
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