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

India Joins Deep-Sea Elite

The Samudrayaan mission aligns with the Indian government’s Blue Economy initiative, which focuses on sustainable use of ocean resources for economic growth…reports Asian Lite News After conquering space with the successful Space

Goyal’s Bold Bet: UK Pact Will Unlock Billions

Goyal referred to the FTA as a ”good marriage” agreed between both countries, which would lead to doubling bilateral trade over the next five years….reports Asian Lite News Union Commerce and Industry

Men to Watch

Here are the players who could have a massive role to play in their side’s fortunes in the coming months. The start of the 2025-27 World Test Championship cycle represents a chance

Hamburg to go full desi mode

Themed “Positioning Partnerships”, this year’s ‘India Week Hamburg’ will spotlight the growing synergy between India and Germany across key sectors including business, culture, society, and knowledge. The German port city of Hamburg

Ax-4 liftoff delayed for safety

The Ax-4 mission is the fourth private astronaut flight to the ISS and the first to include crew members from India, Poland, and Hungary—making it a moment of historic significance for all
Go toTop

Don't Miss

India 5G smartphone shipments all set to cross 4G

5G share in lower price bands (less than Rs 20,000)

IndiGo Inks Deal as Launch Carrier for Noida Airport

With this development, IndiGo becomes the inaugural or launch carrier