EXCLUSIVE-Brazil readies list of U.S. goods to sanction

Published: 03 Sep 2009 16:36:26 PST

NEW DELHI, Sept 3 - Brazil is working on a list of U.S. goods it can retaliate against following last week's World Trade Organisation ruling in its case against U.S. cotton subsidies, Foreign Minister Celso Amorim said on Thursday.

"We'll be having meetings all along next week and hopefully in ten, 15 days we can have a list," he told Reuters.

Retaliation aims to change the target's behaviour -- in this case to persuade the United States to drop the offending subsidies, he said, adding that Brazil hoped retaliation would turn out not to be necessary.