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U.S. loses cotton subsidy fight |
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Written by Stumo
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Tuesday, 16 October 2007 |
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The U.S. lost on cotton subsidies against Brazil at the WTO. I'm an agnostic on the policy wisdom of cotton subsidies.
Can anyone tell me when the U.S. won a WTO ruling? The
European hormone beef case perhaps. But what other case(s)?
The US Trade Representative says we win a lot. But the Adminstration calls a lot of things a "win," when it is not a win.
Industry publication Manufacturing News says that we have lost 40 of 47 cases, and are the world's biggest WTO loser.
The World Trade Organization has ruled against the United States
in 40 of 47 cases... That number is "astounding," according to Robert
Lighthizer, a partner in charge the international trade group at the
law firm of Skadden Arps Slate Meagher & Flom. The United States
"has suffered disproportionately from the problems with the WTO dispute
settlement system, having been named as a defendant in far more cases
than any other WTO members."
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In the news
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Charles McMillion responded to Robert Rubin's and Jared Bernstein's op-ed published last week in the NY Times. Rubin needs no introduction. Bernstein is with the Economic Policy Institute. The original op-ed is here. |
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