WASHINGTON — The U.S. is offering new trade benefits and financial assistance to aid cotton production in least-developed countries, particularly West African nations, which have been a stumbling block in reaching a global trade accord to reduce tariffs among World Trade Organization members because of their opposition to cotton subsidies in industrialized countries.
“For decades, the United States has been a strong partner to least-developed countries,” U.S. Trade Representative Ron Kirk said in advance of the 8th Ministerial of the WTO, considered a critical meeting for trade ministers trying to revive the long-stalled Doha global trade negotiations. “We want to see these partners have a greater stake in global trade and overcome constraints inhibiting faster progress. This is why, even before the announcement of these new initiatives, the United States has been one of the largest single-country providers of trade-related technical assistance and why President Obama has made partnerships with developing countries, including LDCs, a key component of his trade agenda.”
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)