This week’s Cotton Newsline is 4 cuts. All cuts are Mark Lange, President and CEO of the National Cotton Council.
Suggested introduction cut 1:
In August, the World Trade Organization’s (WTO) Arbitration Panel in the Brazil case came down with finding on damages awarded to Brazil on both the U.S. cotton program and the U.S. export credit guarantee program. President and CEO of the National Cotton Council, Mark Lange, says today, the WTO dispute settlement body officially recognized these arbitration panel awards to Brazil.
Suggested introduction cut 2:
Lange says Brazil claims to have more recent data allowing them to claim damages under GSM exceeding $650 million annually.
Suggested introduction cut 3:
According to Lange there is no further action needed by anybody in the WTO.
Suggested introduction cut 4:
Lange says the NCC joined 34 other U.S. agriculture organizations in September in a letter to the United States Trade Representative’s office indicating the need for a new compliance panel.
