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| Brazil warns US climate bill will spark WTO action |
| 2009-09-12 |
| Brazil on Friday issued a stark warning that developing nations would be hit by a pending US climate bill, threatening action at the WTO if the law passes in its current form. "If the United States Congress approves the law as is, then the Brazilian government should prepare to act at the World Trade Organization," trade minister Miguel Jorge wrote in an article published in the Folha de Sao Paulo daily. Jorge said the clean energy bill would see US companies get unfair subsidies, designed to offset a dip in competitivity because of measures to curb emissions. "The subsidized sectors would compete with Brazilian firms (producing) chemical, iron and steel, cement, paper and cellulose products, among others," Jorge wrote. Steps to "introduce license purchases as a requisite to enter the North American market... will have an impact equivalent to the imposition of a tariff," he said. "Various developing countries are mobilizing" to take action at the WTO, he added. |
| Posted by:3dc |
| #6 Hypocrisy. Brazil is known for high trade barriers, esp discriminatory to US sourced imports. |
| Posted by: ed 2009-09-12 19:05 |
| #5 A very good question is if Robert Byrd pegs, because he is in the heart of coal country, and the Obamaniacs hate coal with a burning passion. He is so weak and decrepit, he hasn't been standing up for his State like he should have, so his demise could push things strongly either way. |
| Posted by: Anonymoose 2009-09-12 17:16 |
| #4 Are we just trying to p*ss off all our friends or is this some kind of joke? |
| Posted by: Mullah Richard 2009-09-12 17:09 |
| #3 the coal senators will kill it (even Feingold's getting cold feet) |
| Posted by: Frank G 2009-09-12 16:08 |
| #2 Jorge is absolutely right. The bill is an abomination precisely because in order to pass the House the Obumble administration had to give Christmas presents to all sorts of industries, particularly in the midwest. And it still can't get through the Senate. This might be the best way to kill cap and trade. |
| Posted by: Steve White 2009-09-12 15:44 |
| #1 We are truly in bad shape if only the WTO can save us. |
| Posted by: Iblis 2009-09-12 14:59 |