US loses cotton subsidies fight | BBC NEWS

by aaditeshwar on Oct 16, 2007      Category: Economics & Business Tags: cotton subsidies wto trade globalization

Quite a welcome news I guess!

The US could face billions of dollars in trade sanctions for failing to scrap illegal subsidies paid to American cotton growers. The World Trade Organization ruling is a victory for Brazil's cotton industry and for West African states which say the payments harmed their producers.

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