WTO AGREES NEW ROUNDS OF DETAILED TALKS ON REDUCING COTTON SUBSIDIES
December 5th, 2013
THE WORLD Trade Organisation (WTO) has struck an agreement that will put pressure on rich-world cotton producers to reduce subsidies that undercut their emerging market rivals.While stopping short of a deal that will sweep away production hand-outs, the WTO ministerial conference in Bali, Indonesia, did agree that cotton subsidies would be debated in detail twice a year by the organisation’s agriculture committee. These discussions will include data on the level of support provided by governments for their cotton producers, which will increase pressure on ...
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