WASHINGTON (AP) — The United States and Brazil have resolved a decade-long trade battle over subsidies Washington provided to American cotton growers, an official close to the negotiations said late Tuesday.
The agreement would resolve a bitter trade fight that had strained relations between the two countries since 2002 when Brazil brought a case against the United States charging that the subsidies Washington paid American cotton farmers were a violation of global trade rules. The World Trade Organization ruled in Brazil’s favor and the United States had been forced to make annual payments to Brazil.
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