FairTrade Foundation reveals "The Great Cotton Stitch-Up"
- Category: News Archive 2010
15 November 2010
A new report describes how subsidies paid to cotton producers in the US, EU and elsewhere of $47 billion over the past 9 years have led to the impoverishment of farmers in some of the world's poorest countries: Benin, Burkina Faso, Chad and Mali, leaving those countries dependent on aid.
The countries worst affected - known as C-4 have brought the issue to the World Trade Organization but no agreement has been reached yet. The EU Common Agriculture Policy could lead the way on this issue and encourage reform of the US Farm Bill, if necessary finding new ways to subsidize rural communities and saving money for tax payers and consumers as well as farmers from the poorest countries.
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