Calls for an end to cotton subsidies
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CTA. 2003. Calls for an end to cotton subsidies. Agritrade, June 2003. CTA, Wageningen, The Netherlands.
Permanent link to cite or share this item: http://hdl.handle.net/10568/52947
External link to download this item: http://agritrade.cta.int/Back-issues/Agriculture-monthly-news-update/2003/June-2003
Benin, Mali, Burkino Faso and Chad are leading a call for the complete...
Benin, Mali, Burkino Faso and Chad are leading a call for the complete elimination of cotton subsidies, while insisting that they are not seeking special treatment, but simply a level playing field. There is seen to be a direct link between cotton subsidies of around US$4 billion a year and a halving of the cotton price since the mid 1990s. These price declines have led to an income loss for African farmers of US$300 million per annum and it is estimated that scrapping subsidies would boost the price of African cotton by 25%. It is being argued that cotton subsidies could be a 'make or break' issue at Cancun.
SubjectsMARKETING AND TRADE;
- CTA Agritrade