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    Domestic Subsidies To Press World Cotton Prices

    2008/12/6 0:00:00 83

    On Tuesday, Mali trade minister AhmadouAbdoulayeDiallo said that if the WTO agreement could not solve Africa's production

    cotton

    The problem of the state will stop WTO from reaching any agreement at any time.

    He said, "we will speak out loud and clearly, and if our interests are not protected, we will never sign the agreement."

    Diallo stands for four main African products.

    cotton

    Statements were made by the state (Mali, Benin, Burkina Faso and Chad).

    The four countries want industrialized countries, especially

    U.S.A

    To reduce domestic subsidies, they said.

    U.S.A

    Domestic subsidies are pressing the world.

    cotton

    The price sacrifices the interests of the less developed countries.

         

    World Trade Organization

    Director general Lamy is considering a ministerial meeting this month to finalize the global trade integration agreement.

    Diallo said,

    cotton

    The problem must be put on the table.

    He said: "for other Member States,

    cotton

    It may be a secondary problem, but for us,

    cotton

    It's a matter of life and death.

    cotton

    It is the cornerstone of our development policy.

    In the total output value of four African cotton producing countries,

    cotton

    It accounts for about 7%. "

    Diallo said, we hope that this Ministerial Conference will put cotton on the top of the agenda, and can not be ignored as it did in July.

    The Geneva conference was not resolved in July.

    cotton

    Instead, it is eager to reach a comprehensive trade agreement under the framework of the WTO Doha round.

    The collapse of the talks in July was caused by the divergence between developed and developing countries in raising the protective tariff to protect the poor farmers' mechanisms.

     

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