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WTO rules against U.S. in cotton case.(Insider Report)(Brief Article)
A World Trade Organization panel ruled on April 26 that U.S. cotton subsidies are in violation of the WTO's global trade rules. Brazil had brought the case to the WTO, claiming that U.S. subsidies had harmed Brazil's cotton industry by driving down world cotton prices. Other cotton-producing areas--Argentina, Australia, Canada, China, the European Union, India and Venezuela--joined Brazil as third parties in the case.
U.S. Trade Representative Robert Zoellick told a House Agriculture Committee hearing on farm trade issues on April 28, "We're ...
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Source: HighBeam Research, WTO rules against U.S. in cotton case.(Insider Report)(Brief Article)