India invoked the peace clause for exceeding the 10% support ceiling for rice farmers, breaching WTO subsidy ceilings with $52.8B rice production and $6.39B subsidies, surpassing the 10% de minimis limit.
Get latest articles and stories on Latest News at LatestLY. India has again invoked the peace clause of the World Trade Organisation (WTO) to provide excess support measures to rice farmers in the 2022-23 marketing year to sustain its existing public stockholding programmes for food security purposes. Latest News | Used Peace Clause to Provide Excess Support to Rice Farmers: India to WTO.
The Thai ambassador to the WTO accused India of exporting rice at unfairly low prices with government subsidies. The Indian delegation objected to the claim, and also lodged a complaint
India has expressed strong disappointment over Pitfield's remarks during a consultation meeting on Tuesday accusing New Delhi that India's rice procurement programme at Minimum Support Price (MSP) for the public distribution system is not for people but for capturing the export market.