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 24th Jul 2021

5.2 lakh Zimbabwean homes to gain from Pfumvudza cotton inputs scheme

At least 520,000 households in the marginalised zones of Zimbabwe...

Pic: Lanzatech

Textiles | On 24th Jul 2021

US' LanzaTech, Lululemon to make yarn from recycled carbon emissions

LanzaTech has joined hands with Lululemon athletica, an athletic...

Pic: HOdo Group

Apparel/Garments | On 24th Jul 2021

Chinese apparel firm HOdo exports carbon-offset clothing

Apparel brand HOdo has claimed producing and exporting China’s first...

Interviews View All

Footwear Industry, Footwear Retailers

Footwear Industry
Footwear Retailers

Still struggling to mop up higher sales

Florian Heubrandner, Lenzing AG

Florian Heubrandner
Lenzing AG

Cannot see the world breaking away from cotton & polyester

Textile Industry, Head honchos

Textile Industry
Head honchos

Always best to produce under own supervision

Emmi Berlin,

Emmi Berlin

With the support of the first investors - Finland's Technical Research...

Aashumi Mahajan,

Aashumi Mahajan

Luxe Maison is a premiere haute couture e-boutique established after 2015. ...

Andrea Pelissero,

Andrea Pelissero

Located near Milan, Italy, and with 50 years of experience in the textile...

Ian Russell, Pireta

Ian Russell
Pireta

UK-based Pireta has developed a unique free-form process to add durable,...

Daniel Odermatt, Ventile

Daniel Odermatt
Ventile

Ventile is a registered trademark used to brand a special high-quality...

Seth Casden, Hologenix

Seth Casden
Hologenix

Hologenix is a material sciences company dedicated to developing products...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by Aprajita Toor were born out of a deep desire to create...

Sailesh Singhania, Sailesh Singhania Label

Sailesh Singhania
Sailesh Singhania Label

The Sailesh Singhania label was created to promote handwoven sarees and...

Sweta Agarwal, A Humming Way

Sweta Agarwal
A Humming Way

A Humming Way (AHW) is inspired by the old-world regalia of Rajasthan...

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 2021

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


Advanced Search