WTO stresses central role of cotton in developing countries

CNC
Added On October 9, 2019

 The World Trade Organization (WTO) Director General has underlined the importance of cotton to many developing countries.

 
World News has more.
 
At a special high-level meeting at the WTO headquarters on Monday, ministers highlighted the strategic role of cotton for cotton-producing countries such as Benin, Burkina Faso, Chad and Mali, known as the Cotton Four, and other developing and least developed countries.
 
WTO Director General Roberto Azevedo lauded cotton's central role in livelihoods, job creation and economic stability in several least-developed countries.
 
He asked participants to heed the challenges faced by cotton farmers, including market access barriers, and supply-side challenges at home which limit the competitiveness of export-oriented processing.
 
According to China's Ambassador to the WTO Zhang Xiangchen, China, as the world's largest cotton producer and consumer, has made great contributions to the development of global cotton industry.
 
The Chinese ambassador said that China always attaches great importance to cotton negotiations, and will continue to play a constructive role and work together with other WTO members with a view to reaching meaningful outcomes on cotton.