WTO DOHA DEVELOPMENT ROUND COTTON SUBSIDIES HONG KONG SUMMIT DEAL
January 1st, 2005
BY KEITH NUTHALL
WEST African countries fighting to abolish developed country cotton production subsidies have won a partial victory at the World Trade Organisation (WTO) summit in Hong Kong, with trade ministers agreeing to end export subsidies on cotton in 2006.
The deal is particularly unusual, given it commits rich country exporters to act ahead of the conclusion of an overall WTO Doha Development Round agreement, now expected by the end of next year. Furthermore, ministers at Hong Kong agreed that developed countries would give unlimited duty free access ...
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