WTO credibility in doubt over continuing US cotton subsidy
19 Nov '05
1 min read
Mitigating WTO credibility, US have still not acted in accordance with a WTO's decision that its cotton subsidies are against the law and should be terminated, declared Brazilian minister of Agriculture, Roberto Rodrigues.
Rodrigues stated that the farm segment is very important for Brazil and internationally competitive. Brazil wants developed countries to minimize subsidies that distort markets therefore; developing nations can compete in the farm segment on a level playing field.
Last year the Brazilian farm segment amounted to 30% of GDP, over 40% of all exports and 30% of the country's jobs.
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