Exclusive: Brazil steps up WTO measures in currency war

Reuters
By Raymond Colitt
BRASILIA Fri Jan 21, 2011 1:38pm EST

BRASILIA (Reuters) - Prompted by an escalating global currency war, Brazil is preparing to challenge U.S. ethanol aid and EU beef import barriers in the World Trade Organization, industry and government sources said on Friday.

"The government is preparing those cases together with industry groups," a senior government official familiar with the cases told Reuters.

The Brazilian government is also set to expand anti-dumping barriers to several Asian countries allegedly being used by China as a front for exports to Brazil, another official said.

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