Ruling in favour of Brazil, Australia and Guatemala in their trade dispute against India over New Delhi's sugar subsidies, the WTO panel has stated that the support measures are inconsistent with WTO trade rules.
The Indian government has said the ruling by the trade dispute settlement panel has made certain ‘erroneous’ findings about the domestic schemes to support the sugarcane farmers, exports and the findings of the panel are completely ‘not acceptable
Centre cuts sugar export subsidies by 31.4% for current season
Late last year, India, the world s biggest sugar producer behind Brazil, approved subsidies of 5,833 Indian rupees per tonne to encourage cash-strapped mills to export 6 million tonnes of sugar in the current 2020/21 season
PTI | May 20, 2021 | Updated 20:35 IST
The government subsidies for sugar exports now stands at 4,000 rupees a tonne
India on Thursday cut sugar export subsidies by 31.4% for the current season which ends on Sept. 30, according to a government order issued by the Ministry Of Consumer Affairs, Food And Public Distribution.
Late last year, India, the world s biggest sugar producer behind Brazil, approved subsidies of 5,833 Indian rupees per tonne to encourage cash-strapped mills to export 6 million tonnes of sugar in the current 2020/21 season. The government subsidies for sugar exports now stands at 4,000 rupees a tonne, said the Ministry Of Consumer Affairs, Food And Public Distribution, without