maandag, juli 18, 2005
US moves to curb cotton subsidies
BBC NEWS | "US cotton subsidies which have fuelled a long-running trade dispute with other countries are to be scrapped, the Bush administration has revealed.
The US government will ask Congress to pass legislation to repeal subsidy programmes after the World Trade Organization ruled they were illegal.
The move came on the same day that Brazil threatened to raise tariffs on US imports in retaliation.
Poorer countries say US subsidies distort prices and harm competition."
