WASHINGTON, D.C.—The U.S. Chamber of Commerce today welcomed the news that the United States and Brazil have signed an agreement to end the decade-long World Trade Organization (WTO) dispute with Brazil over U.S. cotton subsidies.
“The resolution of this long-running dispute will allow the United States and Brazil to refocus our trade relationship on mutually beneficial commerce, economic growth, and job creation,” said U.S. Chamber Executive Vice President and Head of International Affairs Myron Brilliant. “For too long, this dispute stood in the way of a closer commercial partnership between our two countries, despite our common heritage as committed democracies with continental economies. We should now focus on strengthening our economic ties.”
“This is a major step in repairing the U.S.-Brazil bilateral relationship,” added Cassia Carvalho, executive director of the U.S. Chamber-affiliated Brazil-U.S. Business Council. “We look forward to making additional progress on our common goals and see a bright future for closer business ties.”
For a number of years, the Brazil-U.S. Business Council has advocated for a definitive solution to the cotton dispute as chair of the Brazil Trade Action Coalition (BRAZTAC). The coalition brought together a broad range of U.S. agricultural, manufacturing, services, and technology businesses and trade associations to press for U.S. compliance with its trade obligations in order to avoid hundreds of millions of dollars in Brazilian trade retaliation against U.S. goods and intellectual property rights.
The U.S. Chamber of Commerce is the world’s largest business federation representing the interests of more than 3 million businesses of all sizes, sectors, and regions, as well as state and local chambers and industry associations. Its International Affairs division includes more than 50 regional and policy experts and 25 country- and region-specific business councils and initiatives. The U.S. Chamber also works closely with 117 American Chambers of Commerce abroad.
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