WTO rules against U.S. in cotton case.A World Trade Organization panel ruled on April 26 that U.S. cotton subsidies are in violation of the WTO's global trade rules. Brazil had brought the case to the WTO See World Trade Organization. , claiming that U.S. subsidies had harmed Brazil's cotton industry by driving down world cotton prices. Other cotton-producing areas--Argentina, Australia, Canada, China, the European Union European Union (EU), name given since the ratification (Nov., 1993) of the Treaty of European Union, or Maastricht Treaty, to the European Community , India and Venezuela--joined Brazil as third parties in the case. U.S. Trade Representative Robert Zoellick told a House Agriculture Committee hearing on farm trade issues on April 28, "We're going to fight for U.S. ag interests, whether it be litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. or negotiation." If the decision is upheld by the WTO in June, "you can be 100 percent sure we're going to appeal this and press this all the way," Zoellick said. Appeal "all the way" to where? Under the WTO system that the Clinton and Bush administrations have embraced, the WTO's "courts" are the last word. The Bush administration also vowed to fight the WTO's recent ruling against steel tariffs This is a list of tariffs and trade legislation:
To submit; to yield. - H. Kingsley. See also: Cave Cave to the global bureaucrats shortly thereafter. |
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