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Through its phased-in tariff reductions, the agreement will raise challenges for U.S. products including wine and spirits, cotton, pulses and beans, forest products, and tree nuts.

On December 14, 2021, the World Trade Organization (WTO) released its findings from the dispute panel initiated in August 2019 against India’s trade distorting sugar subsidies. The WTO report found that India’s subsidies violated its obligations under the multilateral agreement.

On June 28, 2019, the European Union became the first major partner to strike a trade agreement with the Southern Common Market (or MERCOSUR) countries of Argentina, Brazil, Paraguay, and Uruguay.

Brazil’s consumers have a budding appetite for higher-value food products as the country’s economy recovers from a historic recession and its middle class grows.

News on developments in agriculture and food in Egypt.

U.S. agricultural exports to South America nearly doubled in the past four years, reaching a record of more than $8 billion in calendar year 2014.