AG POLICY NEWS
Brazil Studying Retaliation Against US
Thu Oct 3, 2013 06:01 PM CDT

SAO PAULO (Dow Jones) -- Brazil's government has created a special task force to study possible trade retaliation against the U.S. over a lingering dispute involving American subsidies to cotton growers, the country's National Trade Council said Thursday.

The council, known as Camex, said in a statement that the government will also send a letter to the U.S. president's special trade representative "expressing Brazil's indignation over suspension of cotton payments" to it.

The issue stems from a 2004 World Trade Organization ruling that found U.S. subsidies to cotton growers to be illegal under international trade agreements.

The ...

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