iqoncept / Depositphotos.com
The Office of the United States Trade Representative has initiated an investigation of Brazil under Section 301 of the Trade Act of 1974. The investigation will seek to determine whether acts, policies, and practices of the Government of Brazil related to digital trade and electronic payment services; unfair, preferential tariffs; anti-corruption interference; intellectual property protection; ethanol market access; and illegal deforestation are unreasonable or discriminatory and burden or restrict U.S. commerce.
The U.S. Grains Council appreciates the U.S. Trade Representative (USTR) initiating an investigation under Section 301 of the Trade Act of 1974, announced today.
“The Council is encouraged by the news of the investigation into Brazil that has – for years – placed unfair tariffs on American ethanol imports,” said USGC President and CEO Ryan LeGrand.
“Finally, we may see U.S. ethanol, its farmers and producers get a fair shake when it comes to access in Brazil. Our thanks to USTR for its tireless effort to make trade fair for all parties.”
Section 301 of the Trade Act of 1974, as amended, (Trade Act) is designed to address unfair foreign practices affecting U.S. commerce. Section 301 may be used to respond to unjustifiable, unreasonable, or discriminatory foreign government practices that burden or restrict U.S. commerce.
Sources: USTR news release, USGC news release
Comments