World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search

 


Oxfam welcomes news of WTO ruling on cotton


Oxfam welcomes news of WTO ruling on cotton, US will have to reform its subsidy program

International aid agency Oxfam has welcomed news reports today that Brazil has won a landmark trade battle at the WTO on cotton subsidies against the United States. Oxfam’s Make Trade Fair campaign has strongly condemned rich country subsidy regimes that help distort global trade, leading to the dumping of below-cost produce and worsening poverty.

Oxfam has been especially vocal against the US, which gave nearly $US4 billion in subsidies to its cotton farmers in 2001-2.

The Brazilian case against the US sought to answer a vital question: Did these subsidies artificially raise cotton production in the US, stimulate exports and therefore help depress world prices? “According to reports in Brazilian press, the WTO has judged that these subsidies did depress world prices and violated WTO rules. If the report is upheld in appeal, the US will have to significantly reform its cotton subsidy program,” said Oxfam NZ Executive Director, Barry Coates.

According to the same source, the panel gave six months to the US government to reform its subsidy program. West African countries would also be vindicated: they argued in Cancun that US cotton subsidies were hurting their farmers and needed drastic reform as part of the Doha Development Agenda negotiations.

“This would be a huge victory, not just for Brazil but particularly for ten million poor African farmers whose livelihoods have been crippled by unfair competition with highly-subsidised US cotton,” Mr Coates said. Brazil and the US will have a chance to comment on the interim ruling before it is finalised on June 18th, after which time it can also be appealed.

© Scoop Media

 
 
 
 
 
World Headlines

 

Preliminary Results: MH17 Investigation Report

The Joint Investigation Team (JIT) is convinced of having obtained irrefutable evidence to establish that on 17 July 2014, flight MH-17 was shot down by a BUK missile from the 9M38-series. According to the JIT there is also evidence identifying the launch location that involves an agricultural field near Pervomaiskyi which, at the time, was controlled by pro-Russian fighters. More>>

ALSO:

At The UN: Paris Climate Agreement Moves Closer To Entry Into Force

The Paris Agreement on climate change moved closer toward entering into force in 2016 as 31 more countries joined the agreement today at a special event hosted by United Nations Secretary-General Ban Ki-moon. More>>

ALSO:

ALSO:

Gordon Campbell: On The End Game In Spain (And Other World News)

The coverage of international news seems almost entirely dependent on a random selection of whatever some overseas news agency happens to be carrying overnight... Here are a few interesting international stories that have largely flown beneath the radar this past week. More>>

Amnesty/Human Rights Watch: Appalling Abuse, Neglect Of Refugees On Nauru

Refugees and asylum seekers on Nauru, most of whom have been held there for three years, routinely face neglect by health workers and other service providers who have been hired by the Australian government, as well as frequent unpunished assaults by local Nauruans. More>>

ALSO:

Other Australian Detention

Gordon Campbell: On The Censorship Havoc In South Africa’s State Broadcaster

Demands have included an order to staff that there should be no further negative news about the country’s President Jacob Zuma, and SABC camera operators responsible for choosing camera angles that have allegedly made the President ‘look shorter’ were to be retrained... More>>

ALSO:

Gordon Campbell: On A Bad Week For Malcolm Turnbull, And The Queen

Malcolm Turnbull’s immediate goal – mere survival – is still within his grasp... In every other respect though, this election has been a total disaster for the Liberals. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
World
Search Scoop  
 
 
Powered by Vodafone
NZ independent news