July 19, 2005

$140.000 per Farmer

That's what the U.S. pays in cotton subsidies, according to Jeffrey Sachs, who is a top adviser to U.N. Secretary General Kofi Annan. He also says that there is no point for the poor nations to negotiate in the new WTO round if the rich nations don't cut their farm subsidies and tariffs.

The present level of U.S. cotton subsidies is illegal under WTO rules, as confirmed by the Appellate Body in March 2005 (case DS 267). Brazil is requesting the WTO to authorize sanctions.

Posted by Karl-Friedrich Lenz at July 19, 2005 10:05 PM