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WTO slaps the US for a change
March 20, 2005 ( politics )
US loses cotton fight with Brazil Cotton pickers in West Africa Brazil said the US policy hurt other cotton-producing nations The United States has lost the final round of a high-profile dispute with Brazil over US cotton subsidies.A World Trade Organisation (WTO) appeals body on Thursday upheld an earlier ruling ordering the US to stop the payments to its farmers.
The organisation had found in its initial September ruling that the subsidies violated global trade rules.
Brazil said the US practice depressed world prices and hurt cotton producers both in Brazil and other countries.
Cotton growers in West Africa say that they have been especially hard hit by subsidies for US cotton farmers.
The US will now have to bring its cotton subsidies, which wrongly include export credits for producers, in line with global trade rules.
(BBC)
Now, if they could make that an across-the board ruling, or at least make us pay trade penalties for crops we subsidize, to lessen the impact of their deflated costs...
Posted by griffjon at March 20, 2005 04:38 PM
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