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Markets :: Fine Chemicals/Biotech :: Industrial Biotech
U.S.-Brazil Trade Rift Threatens Patents on Agchem, Biotech Products
11:12 AM MDT | March 17, 2010 | Kara Sissell
Brazilian trade officials say they are considering suspending patent and intellectual property rights on goods including agricultural chemicals, biotechnology products, and pharmaceuticals. The announcement stems from a long running dispute between Brazil and the U.S. over U.S. cotton subsidies. A WTO ruling on a 2002 petition by Brazil determined that about $3 billion in U.S. cotton subsidies are in violation of WTO rules, enabling Brazil to take regulatory action. Brazil earlier this month announced it will impose tariffs on more than 100 goods imported from...
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