WTO Slams U.S. Over Cotton Subsidies

Law360, New York (December 19, 2007, 12:00 AM EST) -- The war of words between the United States and the World Trade Organization over cotton subsidies continues to rage, with the WTO confirming its earlier ruling that the U.S. is helping to keep cotton farmers in extreme poverty by issuing anti-competitive subsidies that cause the price of cotton to plummet.

On Tuesday, the WTO's compliance panel reiterated its belief that the U.S. remains in breach of world trade rules, despite having taken some recent steps to crack down on the disputed subsidy programs.

"U.S. marketing loan...
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