June 20, 2004

Another WTO Defeat For Hypocritical US Trade Policies

The New York Times:

"In a landmark decision, the World Trade Organization ruled against American cotton subsidies in a case brought by Brazil, officials from the two countries said on Friday. The decision could eventually lead the United States to reduce subsidies for its entire farm sector and encourage other countries to challenge such aid in wealthy nations, analysts said.

The W.T.O. report, which was not made public, upheld a preliminary ruling in April that supported Brazil's claim that the more than $3 billion in subsidies the United States pays its cotton farmers distorts global prices and violates international trade rules...

In Washington, Bush administration officials criticized the decision."

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