World Cotton Day is celebrated on 7th October to celebrate the advantages of cotton, ranging from its qualities as a natural fibre to the benefits people obtain from its production, transformation, trade and consumption.
Daily Current Affairs Quiz 2020
Key-Points
At the initiative of the Cotton-4 (Benin, Burkina Faso, Chad and Mali), the WTO hosted on 7 October 2019 the launch of World Cotton Day in collaboration with the secretariats of the UN FAO UNCTAD, the International Trade Centre (ITC) and the International Cotton Advisory Committee (ICAC).
Cotton is discussed at the WTO on two tracks: 1) the trade reforms needed to address subsidies and high trade barriers for cotton, and 2) the assistance provided to the cotton sector in developing countries.
These various tracks of discussion have been developed over the years as a response to a series of proposals to address the sector tabled by four African countries — Benin, Burkina Faso, Chad and Mali — known as the Cotton Four or C4.
