Brazil's list of 'retaliation' products against USA to include medicines for the first time

As a result of last year's World Trade Organization upholding of Brazilian complaints against the USA on subsidies granted to cotton producer, the Brazilian government has taken a serious step forward to apply trade barriers against American products in the amount of $560 million and to further impose $270 million retaliatory sanctions on services and intellectual property rights.

Firstly, on February 9 the CAMEX (Camara do Comercio Exterior - the Brazilian Board Trade) approved an updated list of 220 American products that will suffer a tariff increase of up 100% of their value when imported into Brazil.

A day later, Brazil's President, Luiz Lula da Silva, signed a provisional measure or interim measure 482 of February 10, 2010 (full text in Portuguese is available at https://www.planalto.gov.br/ccivil_03/_Ato2007-2010/2010/Mpv/482.htm ) allowing the suspension and limitation of Intellectual Property rights of citizens or companies domiciled in countries that violate the WTO's trade rules, explains a blogger on the IP Tango site.