NCC Supports U.S. Efforts to Enhance Transparency at WTO
In a statement issued November 12, the National Cotton Council welcomes the counternotification submitted by the United States regarding domestic support provided to India’s cotton producers.
The NCC also thanks the U.S. Trade Representative’s office and USDA for their efforts to seek transparency in the support provided to cotton producers in other countries – and no country devotes more area to cotton production than India.
The counternotification, recently submitted to the World Trade Organization (WTO) by the United States, covered the 2010-11 through 2016-17 marketing years, when India’s Minimum Price Support payments ranged from 53% to 81% of the cotton production value.
The counternotifications were a necessary step to bring needed transparency to India’s domestic support programs, which is especially important to understanding global cotton markets and the wide-ranging impact these programs have on global cotton and fiber markets.
Information provided by the National Cotton Council