African nations are considering presenting a case against governments they accuse of distorting trade in cotton if this week’s negotiations in the Kenyan capital don’t deliver a favorable deal. Cotton producers from poor countries have for over a decade unsuccessfully lobbied developed countries to significantly reduce or eliminate subsidies to their cotton farmers that they say create unfair global competition. The U.S. last year agreed to pay Brazil $300 million to settle a dispute over cotton subsidies.
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Topics: AGRICULTURE NAIROBI MINISTERIAL WORLD TRADE ORGANIZATION (WTO) INVESTOR-STATE DISPUTE SETTLEMENT (ISDS) SUBSIDIES
Regions: AFRICA
Authors: BLOOMBERG