Guatemala wins a lawsuit against India in the WTO, which benefits a productive sector

Published 2021년 12월 15일

Tridge summary

A panel of three international trade experts at the World Trade Organization (WTO) has ruled that India's sugar subsidies and export practices have violated international agreements, following a complaint from Guatemala. The decision, announced on December 14, 2021, supports Guatemalan sugar producers who have not received subsidies and have struggled in a distorted global market. The decision, which could be appealed, could potentially lead to improved pricing conditions for Guatemalan and other producers, as the WTO panel has also looked into similar complaints from Australia and Brazil.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

By Rosa María Bolaños / Free Press The cause of the conflict with the Asian country was the implementation and maintenance of subsidies for the production and export of sugar, which would have caused an overproduction that directly impacts the international prices of that product, reported the Ministry of Economy (Mineco). Therefore, it was argued that this country violated several commitments signed under the Agreement on Agriculture and the Agreement on Subsidies and Countervailing Measures of the WTO, which this body considered valid. The decision was disclosed on Tuesday, December 14, 2021 by the Special Group made up of three experts in international trade. The Guatemalan Sugar Association (Asazgua) responded that they see the WTO resolution as positive, since “it is really difficult to compete in a world market with unequal conditions, because this distorts prices. It is important to highlight that Guatemalan producers do not have any type of subsidy or state aid, "added the ...

Source: Forbescentroamerica