EUROPEAN COMMISSION PROPOSES DOUBLING LIFE OF PRODUCTION-LINKED COTTON SUBSIDIES
February 1st, 2009
BY KEITH NUTHALL
THE EUROPEAN Commission has proposed allowing a doubling of the duration of its planned cotton production restructuring programme to eight years, and suggested including all cotton ginners in this production-linked subsidy package. It is the latest of a series of initiatives planned by the European Union (EU) executive to use public money to protect industries being battered by the financial crisis and the resulting global recession.
This would allow EU member states to extend the life of production-linked subsidies for cotton producers until ...
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