BIO Applauds Administration’s Progress in Brazilian Cotton Dispute

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WASHINGTON, D.C. (Tuesday, April 06, 2010) - The Obama Administration has made substantial progress to avoid retaliatory measures in a long-running “cotton dispute” brought by Brazil against the United States.

U.S. Trade Representative Ron Kirk and Secretary of Agriculture Tom Vilsack announced today that the United States and Brazil have agreed upon next steps toward a negotiated settlement with Brazil.

Jim Greenwood, President and CEO of the Biotechnology Industry Organization (BIO) issued the following statement in support of the Administration’s efforts:  

“On behalf of BIO and its members, we applaud the Obama Administration for the progress they have made in their discussions with Brazil.  

“Thanks to our U.S. negotiating team, we have been spared the imposition of retaliatory measures on a number of products including pharmaceuticals and agricultural seeds.  

“We will continue to monitor these discussions within the Administration and in Congress until a long-term solution to this dispute is crafted.  We trust that further discussions will result in an agreement that will be mutually-agreeable to both countries, respectful of our Farm Bill process and amenable to American farmers, workers and consumers.” 

*More information on the agreement, including statements from USTR and USDA, is posted at www.ustr.gov and www.usda.gov.

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April 19-21, 2010
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About BIO

BIO represents more than 1,200 biotechnology companies, academic institutions, state biotechnology centers and related organizations across the United States and in more than 30 other nations. BIO members are involved in the research and development of innovative healthcare, agricultural, industrial and environmental biotechnology products. BIO also produces the BIO International Convention, the world’s largest gathering of the biotechnology industry, along with industry-leading investor and partnering meetings held around the world.

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About BIO
BIO is the world's largest trade association representing biotechnology companies, academic institutions, state biotechnology centers and related organizations across the United States and in more than 30 other nations. BIO members are involved in the research and development of innovative healthcare, agricultural, industrial and environmental biotechnology products. BIO also produces the BIO International Convention, the world’s largest gathering of the biotechnology industry, along with industry-leading investor and partnering meetings held around the world. BIOtechNOW is BIO's blog chronicling “innovations transforming our world” and the BIO Newsletter is the organization’s bi-weekly email newsletter. Subscribe to the BIO Newsletter.