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AMERICA’S WHEAT INDUSTRY ACCUSED INDIA OF OFFERING WTO INCONSISTENT SUBSIDIES

Continuing its attack based on a recent study conducted by Washington-based DTB Associates, US Industry accused India and China of providing export subsidies to their farms that are illegal under their WTO pledge.

In a media release, US Wheat Industry said "Increasing support levels gave Indian farmers an artificial incentive to produce more wheat. In fact, India's wheat production increased by 35 per cent over those seven years (2005-06 to 2013-14) to record levels. That buoyed world wheat supplies and increased pressure on prices that hurt wheat farmers in other countries," It further alleged that India’s used faulty tactics in it’s recently notifications to the WTO.

The study relied to base to these allegations further state that the governments of India, China, Turkey, Brazil and Thailand have over the past 10 years have dramatically increased trade distorting subsidies for wheat, corn or rice production exceeding their pledges under WTO agreements. 

 

 The gLAWcal Team

Monday, 22 February 2014

(Source: Economic Times)

This news has been realized by gLAWcal—Global Law Initiatives for Sustainable Development in collaboration with the University Institute of European Studies (IUSE) in Turin, Italy and the University of Piemonte Orientale, Novara, Italy which are both beneficiaries of the European Union Research Executive Agency IRSES Project “Liberalism in Between Europe And China” (LIBEAC) coordinated by Aix-Marseille University (CEPERC). This work has been realized in the framework of Workpackages 4, coordinated by University Institute of European Studies (IUSE) in Turin, Italy.