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U.S. axes trade benefits for Brazil, India, others

WASHINGTON
Thu Jun 28, 2007 7:14pm EDT

WASHINGTON (Reuters) - The United States is terminating some trade benefits for India, Brazil and other developing countries under a program revamped late last year by Congress, U.S. trade officials said on Thursday.

Barack Obama

The decision means Brazil will no longer be able to ship brakes, brake parts and ferrozirconium to the U.S. market without paying U.S. import duties, the U.S. Trade Representative's office said in a statement.

The United States also revoked duty-free status for gold jewelry and brass lamps from India, methanol from Venezuela, wiring harnesses from the Philippines, gold jewelry from Thailand and kola nuts from Cote d'Ivoire.
Barack Obama


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