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World Cotton Day

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What is World Cotton Day?

At the initiative of the Cotton-4 (Benin, Burkina Faso, Chad and Mali), the World Trade Organization (WTO) will host the launch of World Cotton Day on 7 October 2019. The WTO Secretariat is organizing the event in collaboration with the Secretariats of the United Nations Food and Agriculture Organization (FAO), the United Nations Conference on Trade and Development (UNCTAD), the International Trade Centre (ITC) and the International Cotton Advisory Committee (ICAC). This event stems from the Cotton-4's official application for the recognition of a World Cotton Day by the United Nations General Assembly, reflecting the importance of cotton as a global commodity.

 

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WORLD COTTON DAY WTO Launch
7 October 2019, Geneva

FAO Side event:

Market and policy trends in the cotton sector - prospects for sustainability

The cotton sector contributes significantly to the economies of many developing countries, notably the least-developed countries (LDCs), as a major source of livelihood and income for millions of rural smallholders worldwide. In 2017, world production of cotton was valued at about USD 50 billion, while global trade stood at USD 17 billion. It is estimated that around 100 million family farmers depend directly on the cotton industry across 75 countries. As a result, through the generated economic activities and the impact on millions of rural smallholders and workers, cotton can make a positive contribution to the achievements of the 2030 Agenda for Sustainable Development.

This side event will depict plausible scenarios of key market trends that are likely to affect the cotton market over the coming decade, including the relationship between man-made fibres and natural fibres as well as the extent to which technology can alter that relationship. This can serve to inform and support policy-making processes at various levels in the formulation and execution of policies and investment strategies to ensure a more sustainable cotton sector.

The side event will also serve as a platform for policy dialogue, the exchange of knowledge and the sharing of experience.

Concept note and Agenda

Venue Location