The U.S. Trade Representative will extend its review of Brazil's GSP eligibility until the end of March.
The review was prompted over concerns that Brazil was not doing enough to improve and strengthen its intellectual property rights laws.
The U.S. first initiated a Generalized System of Preferences (GSP) review in 2001 over similar concerns that Brazil's lax IPR laws had racked up an estimated $785 million in losses-the largest in the hemisphere.
