Word: exportation
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That sinking price makes a huge difference in West Africa, where more than 10 million people depend directly on cotton to pay for food, school fees and housing. The crop provides Burkina Faso and Mali with half of all their export earnings; in Benin it accounts for 75%. "If there is no cotton growing in Mali, Mali doesn't work," says Demba Kébé, an adviser to that country's Minister of Agriculture...
...subsidies U.S. cotton farmers receive help destroy any advantage West Africa's farmers have. Since the mid-1990s, when U.S. exports of subsidized cotton began growing--according to Oxfam, U.S. 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...
West African governments, some of which backed the Brazilian case, say the debate has dragged on for so long that they not only want subsidies to be cut but also need compensation for export-earning losses. "Africans are in a situation that if they don't do anything, it's possible that the cotton sector will disappear," says ministerial adviser...
...quirky presentation came across as more silly than innovative. While their previously preferred mode of entrance was an honest-to-God tank, this time around they showed a video of a golf cart ride before walking onto the stage; it seems like Wales’ most famous musical export has aged considerably. That’s not to say that they didn’t try to put on a show. On the contrary, they were visually striking, between their matching iridescent green radiation-type suits and the ever-changing graphics on the projection screen. The problem was that none...
...document commits Israel to permit the immediate export of the pepper crop and the rest of the Gaza harvest "on an urgent basis." By Dec. 15, Israel agreed, Israeli border authorities would process 150 export trucks a day through the Karni commercial crossing into their territory, and by the end of next year, that number would increase to 400 trucks a day. Israel also agreed to allow the movement of bus convoys between Gaza and the West Bank starting Dec. 15, allowing travel between Palestinian territories physically separated by Israel...