International
Alarm bells for WTO’s proposed cotton deal
You may have heard the news that the leaders of the most powerful developed and developing countries called for a conclusion of the World Trade Organisation (WTO)’s Doha Development Round by the end of 2010 last week at the G8 L’Aquila Summit in Italy.
As trade diplomats negotiate towards a deal, they must make sure that poor countries, particularly in Africa, are integrated into the world trading system. By participating fully in the global economy, countries can earn sustainable resources through exports and ensure that their development concerns are prioritised. Prospects are not looking promising in this regard—a senior African agricultural economist, Mr. Abdoulaye Zonon, raised alarms that the current deal proposed at the WTO to cut cotton subsidies offers little hope to African countries as the proposed cuts apply to only a fraction of actual payments made to its farmers by the US government.
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