Word: braziller
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...sales went from a low of 17% of the world export market in 1998 to 41% in 2003--the world cotton price has dropped by more than half. The International Cotton Advisory Committee, which promotes cooperation among cotton-producing countries, estimates that developing-world cotton growers, including Burkina Faso, Brazil, India, Mali and Pakistan, have lost $23 billion over the past four years to Western subsidies. The irony, says Oxfam, is that annual losses in export earnings in most West African cotton-producing countries are comparable to U.S. aid donations. Burkina Faso, for instance, received $10 million...
Developing nations are beginning to use the WTO to push back. Brazil, now the world's second biggest cotton exporter after the U.S., last year won a WTO ruling that Washington's cotton subsidies unfairly distorted world trade. A U.S. appeal was denied. And when Congress failed to act on U.S. Department of Agriculture proposals to fix the WTO problem by a September deadline, Brazil, exercising its right under WTO rules to "retaliate," announced that it would no longer honor patents and copyrights on U.S. movies, pharmaceuticals and other items. The U.S. warned Brazil to back off or face...
...sales went from a low of 17% of the world export market in 1998 to 41% in 2003?the world cotton price has dropped by more than half. The International Cotton Advisory Committee, which promotes cooperation among cotton-producing countries, estimates that developing-world cotton growers, including Burkina Faso, Brazil, India, Mali and Pakistan, have lost $23 billion over the past four years to Western subsidies. The irony, says Oxfam, is that annual losses in export earnings in most West African cotton-producing countries are comparable to U.S. aid donations. Burkina Faso, for instance, received $10 million...
...Developing nations are beginning to use the WTO to push back. Brazil, now the world's second biggest cotton exporter after the U.S., last year won a WTO ruling that Washington's cotton subsidies unfairly distorted world trade. A U.S. appeal was denied. And when Congress failed to act on U.S. Department of Agriculture proposals to fix the WTO problem by a September deadline, Brazil, exercising its right under WTO rules to "retaliate," announced that it would no longer honor patents and copyrights on U.S. movies, pharmaceuticals and other items. The U.S. warned Brazil to back off or face...
...known as the Doha Development Round because it was conceived four years ago in the Qatari capital and is supposed to give a special boost to poor countries. But at a moment of rapid change in the world economy, with China emerging as an industrial colossus and India and Brazil starting to throw their weight around, the stakes in Hong Kong are higher and the pre-meeting positions more intractable than ever. Talks on freeing up agricultural trade are stuck as usual, and without a breakthrough there, little else can happen. Following recent inconclusive talks in London, expectations for Hong...