Date: July, 2005
Abstract: On March 2, 2005, the Appellate Body of the World Trade Organization (WTO) handed down its final ruling on the Brazilian case against the United States (U.S.); Brazil had filed a petition in September 2002 regarding the payment of USD 12.5 billion in federal subsidies between August 1999 and July 2003. It was found that these payments enabled the U.S. to maintain its position as the second largest producer and single largest exporter, while at the same time depressing world prices and causing &l...
Research Type: Industry Note