India Proves Australia’s Allegation At WTO Wrong

Australia said it would take legal action against India at the WTO over sugar subsidies, alleging that it caused a “significant downturn” in world prices and hurt Australian producers.

However, early this week at the Agriculture meeting at the WTO’s committee, India has proved Australia’s allegation that its minimum support price (MSP) for sugar exceeded limits set by the WTO is wrong deliberating that sugar does not fall within the circumferences of prescribed limits, as the commodity is not under the procurement of the government. India also clarified that the MSP was to prevent despaired sale of sugarcane by farmers and does not qualify as domestic support.



Please enter your comment!
Please enter your name here