Abu Dhabi, Ambassador, Permanent Representative of Thailand to the World Trade Organization and World Intellectual Property Organization in Geneva revealed that Thailand-Brazil Join hands to sign a permanent settlement of sugar cases in the WTO. Mrs. Pimchanok Pittfield, Ambassador, Permanent Representative of Thailand to the World Trade Organization and World Intellectual Property Organization in Geneva, revealed that he and Ambassador, Permanent Representative of Brazil to the World Trade Organization (Mr. Guillerme de Aguiar Patriota) received full authority from both governments. to jointly sign an agreement to settle the sugar dispute in the WTO on February 24, 2024 in Abu Dhabi, United Arab Emirates (UAE), at the beginning of the 13th WTO Trade Ministerial Meeting. that the UAE is hosting the said dispute As a result of Brazil suing Thailand saying Thailand's sugarcane and granulated sugar systems violate WTO subsidy rules and submitted a request for consultation with Thailand under the WTO Dispute Se ttlement Mechanism in 2016. The two sides have continued discussions for more than 8 years, with Thailand receiving It has expressed its determination to address Brazil's concerns and has made efforts to restructure the domestic sugar cane and sugar industry in line with WTO guidelines on subsidies. This is while Thailand is restructuring its sugarcane and sugar industries. Including related laws that take time to process. The Brazilian side has closely followed Thailand's developments. Later in 2021, the two sides signed an MoU between Thailand and Brazil. To establish a mechanism to discuss/follow up on progress in restructuring the sugar cane and sugar industry system in Thailand. With the condition that Brazil agreed to temporarily suspend any further proceedings against Thailand in the WTO during the discussions, after which Thailand completed the restructuring of its sugar cane and sugar industries. As well as enforcing the Sugarcane and Sugar Act (No. 2) B.E. 2022 from December 2022 onwards. 'The WTO has international trade rules that WTO members must adhere to in order to prevent unfair market competition. Countries that are seriously affected by measures of other member states can investigate. (investigate) to increase import taxes in response or file a lawsuit with the WTO court to end the measure. As for Thailand and Brazil, they negotiated and discussed together to resolve this dispute amicably for many years, finally leading to the signing of an agreement between the two sides to permanently settle the sugar case in the WTO. this,' Mrs. Pimchanok said. However, Thailand is the third largest sugar exporter in the world after Brazil and India. In 2023, Thailand exported 6.54 million tons of sugar to the world market, valued at 3,452 million USD. Thailand's main export markets include Indonesia, Philippines, South Korea, Cambodia, and Malaysia, etc. Source: Thai News Agency