September 10, 2009
The Cotton Economics Research Institute (CERI) coordinates economic research activities on all aspects of cotton research (e.g. production, marketing, trade, processing, value added) within Texas Tech University and other research units throughout the United States and other countries. CERI releases the report on cotton prices.
Domestic subsidies for cotton and other commodities have been a major topic of interest, especially during the Doha Round of the World Trade Organization trade negotiations. Many developing countries have insisted that domestic subsidies in countries like the United States represent significant trade barriers because they lower world price below their cost of production. India, Brazil, and other developing countries intimate that unless these domestic subsidies are lowered, they are unwilling to provide any more market access concessions in trade negotiations.