US Association Appealed To Investigate Cotton Subsidy In China

Here world Clothing shoes and hats Xiaobian of the network introduced to us the United States Association called for the investigation of China's cotton subsidies: Super WTO commitment times.

According to reports, the US cotton association (NCC) said that the Chinese government's cotton subsidy policy violated the global trade rules, and called on the US regulators to investigate the level of subsidy in China. This is a sign of increasingly fierce competition between the two big powers and the global market.

NCC testified to the US Trade Representative Office (USTR) on 1 October that the price of the Chinese government to cotton growers under its agricultural policy exceeded the requirements of the world trade organization.

NCC chairman Wally Darneille said, "the assessment of recent policies shows that China has greatly violated its commitment in the WTO agreement." He also served as chairman and chief executive officer of Plains Cotton Cooperative Association, one of the largest cooperative and marketing organizations of crop growers in the United States.

NCC estimates the Chinese government's subsidy The intensity has exceeded the prescribed level, that is, 8.5% of the total output value of the country in the past four years. According to NCC's estimate, subsidies in 2014 were equivalent to 29% of output value, and over 30% in 2012 and 2013 respectively.

The organization did not require a comprehensive consultation between the two countries. However, it hoped that USTR would assess China's Cotton Subsidy data and publicly put pressure on regulators to solve the problem of cotton subsidies in China.

"In view of the market situation (and) the level of subsidy, we need to ensure that regulatory authorities are familiar with the situation," Gary Adams, vice president of NCC's economic and policy analysis department, told Reuters on Friday.

It is at the moment of global cotton. FLOWER Industry turmoil. As China halted the cotton purchase and storage program that has been supporting for many years and supported global prices and demand, cotton prices have fallen by 1/3, leading to the loss of most cotton farmers in the United States.