VOICED : Sanctions put squeeze on Mali's lucrative cotton sector

The video discusses the challenges faced by Mali's cotton sector due to trade embargoes and sanctions imposed by ECOWAS and the US. With only 2% of cotton processed locally, the rest is exported, making sanctions a significant hurdle. The government, through the Marlin Company, controls the cotton sector, but border closures have limited exports. Cotton is Mali's second-largest export after gold, contributing significantly to the GDP and employing millions. Despite high state-set prices attracting more producers, the ongoing sanctions pose a threat to the sector's future.

What are the potential consequences if the CMDT reserves run out without payment?

Discuss the significance of cotton to Mali's economy in terms of GDP and employment.