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EU wants reduction in cotton subsidies

The European Commission requested rich nations to cut subsidies to their cotton industries as soon as an agreement on world trade liberalisation, currently on the table, is put into effect.The appeared to isolate the United States, the world's biggest cotton producer, and gain support of African countries prior to…

Greece and Spain are the two major EU producers. According to 2004 statistics, Greece registers 80 percent of EU production with 1.55 million tonnes of raw cotton a year.

From the Egytex news archive, first published on 20 November 2005. Figures and names are as reported at the time.

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