National Cotton Council Supports US Efforts to Enhance Transparency at World Trade OrganizationTue, 13 Nov 2018 09:27:25 CST
The National Cotton Council welcomes the counternotification submitted by the United States regarding domestic support provided to India’s cotton producers.
The NCC also applauds the U.S. Trade Representative’s office and USDA for their efforts to seek transparency in the support provided to cotton producers in other countries, and no country devotes more area to cotton production than India.
The counternotification, recently submitted to the World Trade Organization (WTO) by the United States, covered the 2010-11 through 2016-17 marketing years, when India’s Minimum Price Support payments ranged from 53 percent to 81 percent of the cotton production value.
The NCC thanks the Administration for pushing counternotifications as a necessary step to bring needed transparency to India’s domestic support programs, which is especially important to understanding global cotton markets and the wide-ranging impact these programs have on global cotton and fiber markets.
Source - National Cotton Council
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