US Congress Moves to Strip Brazil of Developing Country Status

Brazzil Magazine covers

The American Conservative Union (ACU) today announced on behalf of its one million members and supporters its support of U.S. House of Representatives Resolution 3141, directing the President to terminate Brazil’s designation as a developing country, thereby eliminating the country’s qualification for preferred trade status, or GSP.

This bill, proposed by Congressman Mark Kirk of Illinois, establishes clear consequences in response to Brazil’s continued violations against American intellectual property rights.


“ACU is encouraged that members of the U.S. House of Representatives are holding Brazil accountable for its threats against American intellectual property rights,” said Stacie Rumenap, deputy director of ACU. 


“It is now time for the Administration to send a similar message to Brazil’s leadership; making it clear that threats against American innovation will not go unanswered,” she continued.


The U.S. Department of State estimates that Brazilian GSP exports to the United States were valued at US$ 2.5 billion in 2003.


American Conservative Union – www.conservative.org

Tags:

You May Also Like

Brazzil Magazine covers

Steep Fall in Commodity Prices Sends Brazilian Stocks Deep into Red

Brazilian stocks  plunged alongside a broader tumble amid emerging markets, as investors  continue to ...

Brazzil Magazine covers

Brazil Back to the Top of World’s Highest Interest Rate, at 9.50%

Copom, Brazil’s Monetary Policy Committee, linked to the Central Bank (Brazil’s Fed), decided to ...

Brazzil Magazine covers

Hectic Brazil: Hosting Mercosur Summit and 33-Country Conference

The Mercosur summit in Salvador, capital of the Brazilian northeaster state of Bahia, is ...

Brazzil Magazine covers

Vanda: the Brazilian First Lady of El Salvador

It is a great time for 46-year old Vanda Guiomar Pignato, a native of ...

Brazzil Magazine covers

Avian Flu and Weak Dollar Reduce Brazil Chicken Export by 24%

Brazilian exports of chicken meat generated US$ 251.5 million in September, which represented a ...

Brazzil Magazine covers

New Zealand and Brazil Discover Each Other for Work and Pleasure

"Brazil with its 190 million people and huge land area and resources offers enormous ...