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Whats the impact for developing country producers?

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Whats the impact for developing country producers?

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The livelihoods impacts of these losses are substantial. In West and Central Africa, more than 10 million people depend on cotton production for their livelihoods, with many more indirectly affected. In addition, cotton is a major source of foreign exchange and government revenue in countries such as Burkina Faso, Mali and Benin. Given its size and significance, the US subsidies have been labelled as the main cause of the decline in cotton prices and a withdrawal of US cotton subsidies could have a huge impact on livelihoods in developing countries with a high reliance on cotton production. In 2003, the issue of subsidies was brought to the centre stage of the World Trade Organization’s (WTO) negotiations, when Benin, Burkina Faso, Chad and Mali presented a proposal to reduce agricultural exports subsidies and trade distorting domestic support. This is considered one of the key reasons why the latest WTO trade round broke down, and in particular the US has refused to support the propos

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