US loses WTO appeal on cotton subsidies Russell Adkins at 8:52 AM ET
[JURIST] Responding to a Brazilian complaint that US subsidies to cotton farmers are driving down world prices and hurting the cotton market, the appeals court of the World Trade Organization Thursday upheld the previous findings of trade judges that the US subsidies broke trade rules. The ruling [findings and conclusions in PDF] by the WTO Appellate Body means that the US must bring its subsidies in line with international standards within the next 15 months, though it's possible that Brazil and the US could reach an agreement before the deadline. Reuters has more. The WTO provides additional resources [some files PDF] on the cotton dispute.
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