Brazil enters into two disputes at the WTO as a third party

Today, Brazil entered as the third party into two disputes at the World Trade Organization (WTO) involving barriers to steel and agricultural products.

The WHO Dispute Settlement Body approved the opening of a panel (investigation committee) requested by Japan against China because of the imposition of surcharges by Beijing on certain Chinese steel products. For Tokyo, the Chinese violated WTO rules by practicing dumping.

Brazil entered as a third party, interested in the dispute, as did the European Union, USA, Canada, Australia, Korea, Russia, Vietnam, Saudi Arabia, and India.

Costa Rica also managed to open a panel against Panama because of barriers to entry for some of its agricultural products in that market. Brazil, one of the world’s largest exporters in this segment, decided to follow the dispute as a third party involved, like many other countries.

In another case, China blocked a dispute claim filed by Australia because of surcharges imposed on Australian wine entering that market.

Australia noted that China was its biggest export market for wine, responsible for 37% of its total sales, but since the surcharges were applied, sales to the Chinese market have almost completely dried up.

Source: Valor Econômico

To read the full original article, visit the link:

https://valor.globo.com/brasil/noticia/2021/09/27/brasil-entra-em-duas-disputas-na-omc-como-terceira-parte.ghtml

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