Can we draw the following hypothesis from the context?

Context:

Brazil, Australia and Thailand argued that the EU, one of the world's largest exporters, broke WTO farm rules by exceeding limits on export subsidies laid down under WTO's 1994 Agreement on Agriculture.

Hypothesis: The three countries argued that UE, one of the greater exporter of the world, infringed the rules of the OMC when exceeding the limit of the subsidies to the exports indicated under the Agreement on Agriculture of the OMC in 1994.
no