Brazil’s government will formally question U.S. surtaxes on certain Brazilian steel imports before the World Trade Organization (WTO), Brazil’s Deputy Trade and Development Minister said Tuesday. Deputy Minister Fernando Furlan said Brazil will seek to hold negotiations with U.S. representatives on the question under the aegis of the WTO. Only if the negotiations fail, will Brazil seek installation of a WTO panel to rule on the issue. The U.S. charges surtaxes on certain Brazilian steel imports because of alleged Brazilian subsidies of the steel companies. Furlan said he expects negotiations to begin early next year.
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