Monday, March 14, 2005

Developing Countries Gang Up on the US and Europe

Brazil's victory at the WTO in the case against the US cotton subsidies has left India and China with a good taste in their mouth. Cotton prices will be cheaper, benefiting both countries. Now it looks like Brazil might bring up US soybean subsidies at the WTO, another case in which India and especially China have a big interest.

Things are looking tough for the farmers of the US.

India gains as Brazil fights US farm sops - The Economic Times
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