Ukraine and 4 other countries are challenging India's wheat production subsidies at the WTO

게시됨 2024년 11월 14일

Tridge 요약

The United States, Argentina, Australia, Canada, and Ukraine have filed a counter notification to the World Trade Organization (WTO) against India's wheat and rice subsidy programs. The countries allege that India's subsidies exceed the WTO's limit of no more than 10% of the total value of crop production, and that they encourage overproduction and discourage the cultivation of other crops. This, in turn, results in large government wheat stocks that India sometimes dumps on international markets, causing market disruptions. This is the third time the US has made such a complaint against India's rice and wheat subsidies.

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원본 콘텐츠

The United States, Argentina, Australia, Canada and Ukraine have filed a counter notification to the World Trade Organization (WTO) regarding the program to support the cultivation of wheat and rice in India. According to World Grain, in accordance with its obligations to the WTO, India can provide subsidies in the amount of no more than 10% of the total value of crop production. In FY 2021/22 and FY 2022/23, as noted by the applicants, the level of support significantly exceeds this limit. India's wheat support schemes encourage overproduction and discourage farmers from growing other crops, the submission said. This led to huge government stocks of wheat, which the Indian government sometimes dumped on international markets. The disruptions it causes hurt farmers in exporting countries and their customers. “The Indian government continues to breach its commitments and its refusal to compromise on support levels and government stocks is blocking any progress in WTO agricultural ...

출처: Agroconf