WASHINGTON – The government of Brazil this week released the final retaliation list on U.S. goods in its dispute over U.S. cotton subsidies, and the final list does not include pulp, paper or wood products.
The World Trade Organization (WTO) authorized Brazil to retaliate against the U.S. for non-compliance with its ruling in a dispute on cotton subsidies. A preliminary retaliation list issued by Brazil’s government last November included several pulp and paper products with a value of about $120 million, which if included on the final list could have been subject to 100 percent tariffs.
“We support free and fair trade and are especially pleased that pulp and paper products were removed from the final retaliation list by the Brazilian government,” said American Forest & Paper (AF&PA) President and CEO Donna Harman.