Broadcast Newsline: May 26, 2010

This week’s Cotton Newsline is 6 cuts.  All cuts are Gary Adams, vice president of economics and policy analysis for the National Cotton Council.

Suggested Introduction 1:
The WTO agricultural negotiating committee met this week in Geneva to discuss developments in the Doha round.  Gary Adams, vice president of economics and policy analysis for the National Cotton Council, says The US representative, Ambassador Punke, said the July ’08 draft agricultural text is not acceptable because it is neither balanced nor ambitious.

Suggested Introduction 2:
Adams says they anticipate further discussions on the Doha talks to take place in Paris.

Suggested Introduction 3:
According to Adams there is still a lot of pressure from other countries for the United States to move toward some type of agreement.

Suggested Introduction 4:
Adams points out that also within the WTO there have been discussions between US and Brazilian officials in both Washington and Geneva about settlement of the Brazil World Trade Organization case.

Suggested Introduction 5:
Adams says US officials continued to explain that only Congress can modify the cotton program and that is unlikely to occur until the ’12 farm bill is written.

Suggested Introduction 6:
Adams concludes by reminding us that the retaliation by Brazil is suspended until the June 21 deadline.