This paper considers the implications of five developments in 2004 for cotton farmers and the clothing industry in sub … Millennium Challenge Act, (2) the AGOA Acceleration Act of 2004, (3) the WTO cotton initiative, (4) the Brazil-US cotton … hand, and U.S. subsidies to American cotton producers and the injurious impact those subsidies have had on cotton growers …

The value of world cotton production in 2000-01 has been estimated at about $20 billion, down from $35 billion in 1996 …-97 when cotton prices were 50 percent higher. Although cotton's share in world merchandise trade is insignificant (about 0 ….12 percent), it is very important to a number of developing countries. Cotton accounts for approximately 40 percent of total …