Home / Knowledge / News / Textiles / WTO stresses on riddance of trade distortion measures

WTO stresses on riddance of trade distortion measures

21
Feb '07
World Trade Organisation's Director General Pascal Lamy felt need to take prompt steps by developed countries to remove trade distortion measures on cotton.

According to him, Least Developed Countries (LCDs) like Uganda failed to develop their capacities for local value addition compared to developing nations like India, Bangladesh, Pakistan and Indonesia.

He also pointed out about the availability of funds to alleviate impact of subsidies on cotton farmers in LCDs. He even referred to 22 projects of development assistance for cotton available from various developed countries.

These development assistance projects have already started to benefit cotton four countries (C4) Chad, Burkina Faso, Benin and Mali in 2006, he added.

African farmers are affected the most because of distortion in price led by subsidies, he said.

The trade distortion measures implemented by the Government of developed countries reduce the prices of raw cotton.

The subsidies provided by the developed nations have further aggravated the situation in LCDs like Uganda.

According to experts, subsidies provided by them should be lifted to ensure cotton prices are controlled by demand and supply.


Must ReadView All

Pic: Shutterstock

Textiles | On 23rd Jul 2019

World cotton trade and stocks higher in 2019-20: USDA

Global cotton trade in 2019-20 is forecast at 44.2 million bales, 7.5 ...

Pic: PR Newswire

Textiles | On 23rd Jul 2019

APPG for sustainable clothing, textiles launched in UK

An All Party Parliamentary Group (APPG) has been formed by British...

Pic: ACIMIT

Textiles | On 23rd Jul 2019

Italian textile machine manufacturers find success at ITMA

The 18th edition of ITMA, the global textile machinery tradefair...

Interviews View All

Jurgen Gauger, Spreadshirt

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Karel Williams, Dow Microbial Control

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Top executives, Machinery Company

Top executives
Machinery Company

We will promote latest technologies at ITMA Barcelona

Sugandha Bhardwaj,

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Marcello Galvanin,

Marcello Galvanin

Galvanin has more than 50 years of experience in the production of textile ...

Eric Fessler,

Eric Fessler

Manufacturer of textile machinery and complete fibre-to-yarn lines, N...

Pierre Wiertz, EDANA

Pierre Wiertz
EDANA

EDANA, the international association serving the nonwovens and related...

Steve Cole, Xerium Technologies

Steve Cole
Xerium Technologies

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

Urs Stalder, Sanitized AG

Urs Stalder
Sanitized AG

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

Cigdem Akin, Cigdem Akin

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Chandani Sahi, By Chandani

Chandani Sahi
By Chandani

By Chandani is a womenswear prêt couture brand with fusion silhouettes by...

Sandeep and Sarah Shaikh Gonsalves, SS Homme

Sandeep and Sarah Shaikh Gonsalves
SS Homme

SS Homme celebrates the craft of traditional tailoring through the bespoke ...

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


July 2019

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

news category


Related Categories:

Advanced Search