From the Newsroom*
São Paulo – Yesterday (03), Brazil gained a definitive victory at the World Trade Organization (WTO) against North American cotton subsidies. The WTO came to the conclusion that the United States subsidise the production and export of cotton. Brazilian cotton farmers lose around US$ 480 million a year due to the United States subsidies. The WTO has determined a series of actions for the elimination of these subsidies, and this will now be negotiated with the United States. There is a 15-month grace period for the measures to be put into practice.
*Translated by Mark Ament
