Brazil and China reached an agreement on the request for consultation of sugar safeguard measures at the World Trade Organization (WTO). Brazil was claiming on China’s extra charges on sugar imports. The Brazilian government also said the measures were inconsistent with various provisions under the WTO’s tariffs. The Ministries of Agriculture and Foreign Affairs have not explained the details of the agreement. They only said on a note that the agreement between the two countries was reached without the need of a panel (a kind of judgment) at the WTO. “Under the terms of the agreement, the concerns that supported the Brazilian request should be met, in a mutually satisfactory manner, without the need for the establishment of a panel at the WTO to examine the matter,”. The Asian country is currently Brazil’s main trade partner, with 26.82% of Brazilian exports from January to April.
Source: Jornal Cana (*Translated by Ia Niani)