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, US Step Up Trade Talks

The development comes in the backdrop of the new US ambassador Sergio Gor taking charge in the US embassy is New Delhi….reports Asian Lite News India and the United States are progressing

Lanka Marks Next Phase of Indian Housing Drive

Phases III and IV of the Indian Housing Project highlight India’s commitment to supporting and empowering Sri Lanka’s Indian-origin Tamil community….reports Asian Lite News Sri Lankan President Anura Kumara Dissanayake on Sunday

AUSTRAHIND 2025 Begins

AUSTRAHIND 2025 is aimed at enhancing military cooperation, improving interoperability and providing a platform for participating armies to exchange tactics…reports Asian Lite News In a major step forward for India-Australia defence ties,

Kirti Singh Leads India’s NAM Mission in Uganda

The participation reaffirms India’s commitment to the principles and values of the movement…reports Asian Lite News Minister of State for External Affairs Kirti Vardhan Singh will head India’s delegation to the 19th
Go toTop

Don't Miss

Jaishankar joins Iftar hosted by UAE Ambassador Alshaali

India and UAE have expressed their mutual willingness to cooperate

India, B’desh Cement Maritime ties

Chief of the Naval Staff (CNS) Admiral Dinesh Tripathi discussed