December 15, 2021
1 min read

India defends sugar policy, rejects WTO findings

At the WTO in 2019, Australia, Brazil, and Guatemala alleged that domestic support provided by India to sugarcane producers is in excess of the limit allowed by the WTO…reports Asian Lite News

 Terming them “completely unacceptable”, India on Tuesday said, there would be no impact of World Trade Organisation (WTO) Panel’s findings on any of the country’s existing and ongoing policy measures in the sugar sector.

“India has initiated all measures necessary to protect its interest and (decided to) file an appeal at the WTO against the report, to protect the interests of its farmers,” a statement from the Ministry of Commerce and Industry said.

At the WTO in 2019, Australia, Brazil, and Guatemala had challenged some of India’s policy measures in the sugar sector. “They had wrongly claimed that domestic support provided by India to sugarcane producers is in excess of the limit allowed by the WTO and that India provides prohibited export subsidies to sugar mills,” the release said.

“The Panel issued its report on December 14, in which it has made certain erroneous findings about our schemes to support sugarcane producers and exports,” it said.

Stating that the findings of the Panel are “completely unacceptable to India”, the statement said: “The Panel’s findings are unreasoned and not supported by the WTO rules. The Panel has also evaded key issues which it was obliged to determine. Similarly, the Panel’s findings on alleged export subsidies undermines logic and rationale.”

India believes that its measures are consistent with its obligations under the WTO agreements, the statement added.

ALSO READ: SpiceJet, DHC ink settlement deal

Previous Story

2021 record year for global IPO market: EY

Next Story

Bulgarian customs seizes 58.766 kg of heroin at the border with Turkey

Latest from India News

Bhutan King Takes Holy Dip at Maha Kumbh

So far, around 35 crore devotees have taken a holy dip at the Triveni Sangam….reports Asian Lite News Bhutan’s King Jigme Khesar Namgyel Wangchuck participated in the Maha Kumbh festivities in Prayagraj

Modi Set for White House Visit

The invitation comes days after a recent phone call between the two leaders on January 27…reports Asian Lite News Prime Minister Narendra Modi is set to visit the White House next week

UNGA President Lands in India for Key Talks

UNGA President Philemon Yang to visit India Feb 4-8 at India’s invitation….reports Asian Lite News United Nations General Assembly (UNGA) President Philemon Yang is set to embark on an official visit to
Go toTop

Don't Miss

Kashmir Gripped by Harsh Winter Chill

Demands for potable water have started pouring in from places

Air India wraps up ‘Taxi’ phase

The conclusion of phase one marked the beginning of ‘Take