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

'Requirement of polyester filament yarn is increasing'

Textiles | On 19th Jun 2018

'Requirement of polyester filament yarn is increasing'

The requirement of polyester filament yarn (PFY) is increasing as it...

Courtesy: SAC

Textiles | On 19th Jun 2018

SAC to release pilot of Higg Facility Social Labour Module

The Sustainable Apparel Coalition (SAC) will release this year a...

Courtesy: Ebay

Apparel/Garments | On 19th Jun 2018

eBay partners with Noon for e-commerce sales in Middle East

Noon, the $1 billion e-commerce venture backed by Dubai businessman...

Interviews View All

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Carolin Russ

Weko, Weitmann & Konrad GmbH & Co KG, based in south Germany, is...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Urs Stalder
Sanitized AG

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search