A Brazil-U.S. meeting will likely occur before the end of July on how the
Hafemeister shared at a National Cotton Council board meeting that the Brazilian government has "summoned" the meeting. At this time there isn't a set location or date for the meeting.
The WTO cotton ruling found that the Step 2 cotton program was trade-distorting, the part of the ruling Congress has fixed. However, the ruling also found cotton marketing loans and countercyclical payments in violation of WTO rules. Because marketing loans and countercyclical payments are used in other crops, Congress was waiting for
"Hafemeister also told the Cotton Council, which represents the cotton industry from growers to textile users, that he and other trade officials expect WTO Director General Pascal Lamy to issue a statement [this] week about what might be possible to achieve in the Doha round," Congress Daily reports.
Differences still exist between offers on the table. Senate Agriculture Chairman Saxby Chambliss in comments to the American Soybean Association says the European Union needs to come to the table and offer a serious market access proposal that will result in new trade flows."Otherwise they are imperiling the talks, and the losers from a failed Doha Round will not only be farmers and ranchers in the