Home / Knowledge / News / Textiles / War cry against US cotton subsidies at WTO
War cry against US cotton subsidies at WTO
04
Mar '09
The Brazilian government has staked a claim to US $2.5 billion at the World Trade Organization (WTO), for the prejudice suffered by its cotton farmers between 1998 and 2000, due to the subsidies the US government offers to its cotton farmers.

This was informed by Mr Azevedo, the Brazilian ambassador to the WTO. He added by saying that, “If the big countries are not penalized for violation of WTO rules, it would affect the credibility of the global trade organization”.

Last year WTO had upheld a complaint from Brazil alleging that the US had infringed the WTO rules by providing subsidies to its farmers. Brazil alleges that subsidies doled out to cotton farmers touches about 89.5 percent of the value of the produce.

The huge subsidies paid out by the US to its farmers has been criticized by many countries, including Asian and African countries as these subsidies depresses global prices and in the process affects the earnings of the cotton farmers in those countries.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Eamonn Tighe
Nature Works LLC

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

Karan Arora
Karan Arora

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

Igor Chapurin
Chapurin

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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
January 2017

January 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