Sugar: Brazil and Thailand end WTO dispute over subsidies to the sugarcane and sweetener sector

Regulation & Compliances
Innovation & Technology
Published Mar 1, 2024

Tridge summary

Brazil and Thailand have settled a dispute over Thai subsidies to the sugarcane and sugar sector, which Brazil initiated at the World Trade Organization (WTO) in 2016. The issue involved Thai measures that violated WTO rules, leading to global market distortions and annual losses of around US$1 billion for the Brazilian production sector. The resolution was achieved through ongoing dialogue, culminating in a definitive policy change by Thailand to support the sugar sector, including the removal of subsidies.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

São Paulo, 02/29/2024 - Brazil and Thailand formally ended last week the bilateral dispute over Thai subsidies to the sugarcane and sugar sector, initiated by Brazil in 2016 at the World Trade Organization (WTO), informed the Ministry of Foreign Relations (MRE). The decision took place in the midst of the 13th WTO Ministerial Conference, in Abu Dhabi. The dispute involved Thai measures to support sugar production that did not comply with WTO rules, which generated distortions in the global market and losses estimated at US$1 billion annually to the Brazilian production sector, he stated in a statement. In the statement, the Brazilian government highlighted that the dispute was restricted to the consultation phase, without the establishment of a panel at the WTO. “Brazil opted for continued dialogue with Thailand, which culminated in the ...
Source: Broadcast
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