Turning TRIPS on its Head: Developing Countries and WTO Cross Retaliation
Prashant carried a very interesting post on Brazil’s latest WTO authorisation to cross retaliate against the US. Cross retaliation refers to the right to retaliate against another sector/agreement under the WTO, such as TRIPS. Unfortunately, Brazil’s authorisation to cross retaliate is a “qualified” one. And Brazil cannot resort to this unless the losses caused to it by the WTO inconsistent subsidies (maintained by the US) exceed a certain threshold. Brazil claims that the losses caused by the US amounted to […]
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