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Another welcome check on India’s wheat, rice subsidies from USTR

Published Nov 26, 2024

Tridge summary

The Office of the United States Trade Representative, along with Canada, Argentina, Australia, and Ukraine, have submitted a counter-notification to the World Trade Organization against India's domestic support and market support prices for wheat and rice. This action highlights India's supposed non-transparency and non-compliance with its WTO commitments, as its support exceeds the allowed 10% of total crop production value. The organizations argue that India's support schemes lead to overproduction and market disruptions.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

U.S. Wheat Associates and the National Association of Wheat Growers praised the Office of the United States Trade Representative for submitting a counter-notification to the World Trade Organization on India’s domestic support, input subsidies, and market support prices for wheat and rice. This is the latest in a series of U.S. counter-notifications showing India is not transparent about the true level of wheat and rice support it provides. Joining the United States in this notification were the governments of Argentina, Australia, Canada and Ukraine. “We appreciate that the USTR and other country delegations are working to highlight India’s trade-distorting wheat support,” said USW President Vince Peterson. “India’s government continues to be out of compliance on its commitments and its refusal to compromise on its level of support and public stockholding is blocking any progress on agricultural negotiations at the WTO. It is important to keep bringing this issue to light with ...
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