DOHA FRAMEWORK DEAL
August 1st, 2004
BY KEITH NUTHALLCOTTON production will be a future key focus of the ongoing World Trade Organisation (WTO) Doha Development Round, member countries have agreed in Geneva. A half-time 'framework' agreement commits developed countries slashing at least 20% from all "trade distorting support" for agriculture (which includes cotton growing), including schemes limiting production. The deal allows such subsidies to continue only if they "are made on a fixed and unchanging" yield of crops, or cover 85% or less of current production levels. Many more details must be ...
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