TEXTILE ECONOMIC ADJUSTMENT ASSISTANCE: WILL IT AFFECT COTTON MARKETS?

In September 2002, Brazil and other countries filed a petition with the World Trade Organization (WTO) alleging that export and domestic subsidies in the US significantly reduced world cotton prices. The WTO panel ruled against the US and a later appellate body also ruled against the US (see Hudson et al. for a more complete description of the WTO case). Of particular focus wa