Brazilian corporation becomes ‘orange juice king’ of the world

Thursday, May 5th 2011 - 01:46 UTC

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Citrovita and Citrosuco of Brazil won European Union antitrust approval for their merger plan to form the world’s largest wholesale supplier of orange juice. Read full article

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GeoffWard
This may be fine for the EU, but the USA will use this 'monopoly' to keep Brasil from exporting OJ to the detriment of California.
May 05th, 2011 - 09:13 pm - Link - Report abuse 0
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Fido Dido
Hey Retard,

If you did your homework, you would know that Brazil (State of Sao Paulo) export OJ to California through Florida (and other states in the US).
http://thepackagingpro.com/blog/item/43-another-american-business-in-trouble
May 06th, 2011 - 01:33 am - Link - Report abuse 0
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GeoffWard
In February 2011 the World Trade Organization (WTO) made a final ruling in Brazil’s favor in a dispute with the United States over anti-dumping measures imposed on its orange juice exports. Brazil challenged the methodology, “zeroing,” that the US Department of Commerce used in applying antidumping tariffs on Brazilian orange juice. The US Department of Commerce uses “zeroing” for assessing duties on goods that are allegedly “dumped,” or imported for less than they cost at home. According to the WTO, in zeroing, the importing authorities ignore shipments where imported goods are higher than domestic market prices and could potentially offset separate below-market shipments from the country. Many countries argue that this practice skews the average price of goods from a given country, and in this case, the WTO agreed.
But, like with the 2010 cotton USA/Brasil WTO ruling, the game of tariff restrictions and other trade blocking devices continues.
May 06th, 2011 - 10:00 am - Link - Report abuse 0
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