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Eu to consider appeal of wto sugar subsizies ruling Original Source Link: (May no longer be active)    http://quote.bloomberg.com/apps/news?pid=10000086&sid=ak4hKHYEacfE&refer=news_index http://quote.bloomberg.com/apps/news?pid=10000086&sid=ak4hKHYEacfE&refer=news_index EU to Consider Appeal of WTO's Sugar Complaint Ruling (Update1) Aug. 5 (Bloomberg) -- The European Union will consider appealing a World Trade Organization ruling that $1.4 billion of subsidized EU sugar exports are illegal, the European Commission said. WTO arbitrators backed claims by Brazil, Australia and Thailand that some EU sugar exports illegally benefit from aid to domestic producers including Suedzucker AG and Tate & Lyle Plc, Brazilian Agriculture Minister Roberto Rodrigues said yesterday. The WTO judges ruled the aid distorts world prices because any sugar surplus must be exported, he said. The EU must decide ``whether or not we appeal this decision and whether or not we need to do anything in terms of changing what is already on the table to accommodate the results of the panel,'' commission spokeswoman Arancha Gonzalez told a news conference in Brussels. The ruling is ``supposed to be confidential,'' she said. The EU, the world's second-largest sugar exporter after Brazil, won't comment officially until the final ruling is published next month, Gonzalez added. The decision, after a June WTO ruling that U.S. cotton subsidies violate trade rules, reflects growing pressure on western governments to change the way they support their farmers. In an outline accord for a global trade agreement, the 147-nation WTO decided Sunday to scrap agricultural export aid by a date that has yet to be determined. Brazil, Australia and Thailand say global sugar prices would rise almost 20 percent if the EU removed its support. Shares of Suedzucker, the world's largest sugar maker, fell to a nine-month low after the WTO ruling. The shares shed as much as 48 cents, or 3.2 percent, to 14.60 euros and were trading at 14.84 euros at 12:49 p.m. in Frankfurt.

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