Washington DC – The National Foreign Trade Council (NFTC) released the following statement from NFTC Vice President for Regional Trade Initiatives Chuck Dittrich regarding the announcement that the United States and Brazil have settled their longstanding dispute over U.S. cotton subsidies.
“The NFTC welcomes today’s announcement that after many years the United States and Brazil have come to an agreement to resolve the longstanding dispute over U.S. cotton subsidies.
“The NFTC and its members support WTO compliance, and we are encouraged to see that the U.S.-Brazil agreement contains adjustments to the U.S. cotton program to make it more WTO compliant in the long term, rather than just a short-term fix.
“While this issue has been resolved, the NFTC urges the Administration and Congress to work together to ensure all U.S. agricultural polices are in line with the rules-based global trading system, which the United States supports through the WTO.”
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NFTC is Celebrating our New Century in 2014! Details at www.nftc.org The National Foreign Trade Council (www.nftc.org) is a leading business organization advocating an open, rules-based global trading system. Founded in 1914 by a broad-based group of American companies, the NFTC now serves hundreds of member companies through its offices in Washington and New York. Follow us on: