Last Updated: Monday, 15 October 2007
US loses cotton subsidies fight http://news.bbc.co.uk/2/hi/business/7046195.stm
[The US is the world's second-largest producer of cotton]
The US could face billions of dollars in trade sanctions for failing to scrap illegal subsidies paid to American cotton growers.
The World Trade Organisation ruling is a victory for Brazil's cotton industry and for West African states which say the payments harmed their producers. http://news.bbc.co.uk/2/hi/business/7046195.stm