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Brazil announces plans to drop WTO sugar case against China

“Brazil and China have reached an understanding regarding the consultations made at the World Trade Organisation (WTO) on sugar,” Brazil’s Foreign Affairs and Agriculture ministries said in a statement, on Tuesday.

READ MORE:Brazil’s Vice President’s Visit To China

Brazil opened a case last year, questioning China’s anti-dumping tariffs on sugar. The Brazilian government sought the panel at the WTO investigate China’s sugar trade policies. The policy reduced Brazil’s sugar sales to the Asian nation – China used to be one of its top clients.

READ MORE: NDB President And Vice-President Of Brazil Meet

Brazil said without elaborating that, “there will be no need for the implementation of a panel at the WTO”.

 

Source: Reuters

SA attends WTO Ministerial meeting in India

 

Trade and Industry Minister Rob Davies will this morning attend the World Trade Organisation’s (WTO) Ministerial Meeting in India.

The aim of the ministerial meeting is to exchange views and ideas on how to best address the challenges facing the Multilateral Trading System (MTS), as well as discuss issues of concern to developing countries.

The two-day meeting which gets underway today, is taking place in New Delhi.

This as there are different diagnoses of problems facing the MTS. The meeting will provide an opportunity for the exchange of views among participating countries on current developments in the Multilateral Trading System with a view to promote inclusive growth and development.

“We need to shape a multilateral trade environment that is conducive and supportive of industrialization, and supports structural transformation and economic diversification. This includes recognizing the necessity of policy space for developing countries, especially African countries to pursue our development objectives and promote regional integration,” said Davies.

The Minister further highlighted that the meeting is taking place at a time when global trade is going through a period of uncertainty with an increase in protectionism in some countries and a backlash against trade agreements and globalization due to lack of inclusive growth.

The Government of India that is organizing this meeting, expressed the hope that this meeting will provide a direction on how to constructively engage on the various issues facing the WTO.

These include the current challenges in the appointment of Appellate Body Members in the build up to the next WTO Ministerial Council meeting that will take place in 2020.

The meeting in Delhi will conclude tomorrow.

 

– SAnews.gov.za

Brazil, Australia uniting to lodge a formal complaint over India’s sugar subsidy

Brazilian and Australian sugar industry groups are working together with their governments in preparing a formal complaint to the World Trade Organisation (WTO) over any possible sugar export subsidy in India, says Brazil’s top sugar official.     

Executive director at Brazil’s cane industry group Unica, Eduardo Leao told Reuters that Brazil and Australia view subsidies by India, set to take over as the word’s largest sugar producer this year, as a threat to a recent price recovery.

The countries say they will forward the matter to the WTO if India awards sugar producers with an export subsidy, says the executive director of Unica.

Sugar traders and analysts predict that India’s move looks to put in the market a large surplus built after a record crop this year, and amid expectations for another big output in the coming season.

 

Source: Perthnow

Brazil says China will re-evaluate trade barriers on sugar, poultry

China’s President Xi Jinping has told his Brazilian counterpart, President Michel Temer that the country will evaluate trade barriers the Asian nation imposed on Brazilian raw sugar and poultry imports.

China announced anti-dumping duties on Brazilian poultry and sugar, in order to protect domestic producers last month.

The two Presidents met last week during the 10th BRICS Summit that took place in Johannesburg, South Africa.

Temer said during a meeting at Sao Paulo’s Industry Federation Fiesp that he asked China to reconsider the additional tariffs imposed on both Brazilian products as anti-dumping measures.

On 27 July, Chinese authorities announced that they are willing to meet with Brazilian officials to negotiate and seek possible ways to reduce and eliminate the tariffs imposed on Brazilian chicken and sugar.  

Brazil first announced that they are considering raising the issue of Chinese tariffs on poultry meat and sugar to the World Trade Organization (WTO). 

Source:  Reuters