Home / Knowledge / News / Textiles / Brazil's Senate approves public hearing on cotton issue
Brazil's Senate approves public hearing on cotton issue
24
Feb '14
Senator Moka (R)(c: Senate Agency/Jose Cruz)
Senator Moka (R)(c: Senate Agency/Jose Cruz)
The Committee on Agriculture and Agrarian Reform (CRA) of Brazil’s Senate has approved the request for public hearing on a new US law that could affect Brazilian cotton production, the Senate Agency reported.
 
The application for public debate on cotton issue was put forward by Senator Waldemir Moka. Senators discussed the threat to cotton production in Brazil due to a new Farm Bill that will come into force in the US.
 
Senator Maggi explained that the new Farm Bill ensures that the US cotton farmers would get an income even when there is no production. This clause may stimulate production of cotton in marginal areas, leading to the flooding of the market with American cotton, and hurting Brazilian production.
 
Senator Moka reminded the House about the World Trade Organization’s (WTO’s) decision imposing fine on the US due to its protectionist law related to cotton crop. As the US has failed to pay its amount due to the Brazilian Cotton Institute (IBA) since last year, Senator urged the Brazilian Government to take a firm decision.
 
Senator Ana Amelia then proposed the requirement that the CRA participate in a joint public hearing scheduled for March 13, 2014, to hear the director general of the WTO, Roberto Azevedo, along with the Committee on Economic Affairs (CAE) and Foreign Relations (CRE), the Senate Agency reported.
 
The new Farm Bill, passed by the US Government earlier this month, eliminates agricultural subsides, but creates an insurance program for crops, called the Stacked Income Protection Plan (Stax), which covers 70 percent to 90 percent of losses of farmers. Moreover, there is also a provision for the US Government to subsidize 80 percent of the spending on Stax.
 

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 23rd Feb 2017

NAFTA renegotiation puts Mexico-US jeans trade at risk

The almost imminent renegotiation of the North America Free Trade...

Rick Helfenbein (left), president and CEO of AAFA, with Juan Estrada, chief of party, Hub; Courtesy: Hub

Apparel/Garments | On 23rd Feb 2017

AAFA inks agreement for best manufacturing in East Africa

The American Apparel & Footwear Association (AAFA) has entered into a ...

Mango vice-chairman and member of the board of directors Daniel Lopez (L) with Ananth Narayanan, CEO, Myntra & Jabong. Courtesy: Myntra

Apparel/Garments | On 23rd Feb 2017

Mango awards distribution & management rights to Myntra

Mango, the Spanish fast fashion brand, has awarded its master...

Interviews View All

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search