India to counter U.S. plaint on farm subsidies in WTO

India to counter U.S. plaint on farm subsidies in WTO

WTO dispute

News:

  1. The Indian government will challenge US’ accusation that India is under-reporting its food subsidies at the World Trade Organization (WTO)

Important Facts:

  1. US had alleged that India has underreported its minimum Support Price (MSP) for rice and wheat
  2. US had further raised the issue that India only notifies about the national MSP but excludes state-level incentives that further increases the MSP to farmers
  3. Indian diplomacy has dismissed the allegations stating that the calculations are based on wrong assumptions

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