GENEVA — A group of 36 African cotton-producing nations warned Thursday that there will be no deal in the Doha trade talks without drastic reductions in trade-distorting cotton subsidies.
Failure to accommodate the concerns of poor African nations contributed to the collapse of the Doha talks in Cancún, Mexico, in September 2003, and the issue has stalled the talks and put the U.S., the world's biggest subsidizer of cotton, on the defensive. Since then, disputes brought to the World Trade Organization by Brazil have found that multibillion-dollar U.S. cotton subsidy plans violate global trade rules.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)