Wednesday, April 13, 2011

U.S. subsidizes Brazilian cotton to protect Monsanto's profits

This is an interesting case involving the WTO and the battle over intellectual property rights related to genetically engineered seeds.
http://iatp.typepad.com/thinkforward/2011/04/us-subsidizes-brazilian-cotton-to-protect-monsantos-profits.html

"Brazil then asked the WTO for permission to retaliate against the U.S. by imposing trade sanctions. The WTO decided that Brazil was entitled to impose 100-percent tariffs on over 100 different goods of U.S. origin. Even more importantly, however, Brazil was entitled to suspend intellectual property rights for U.S. companies, including patent protections on genetically engineered seeds."

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