INDIA REJECTS U.S. CLAIM OVER UNDERREPORTED FARM SUBSIDIES AT WTO: India has rejected a U.S. claim that New Delhi is providing inaccurate information to the World Trade Organization about its market price supports for wheat and rice crops, according to a Geneva trade official.
During a WTO agriculture committee meeting on Tuesday, the U.S. formally accused India of substantially underreporting its subsidies, a move it called inconsistent with India’s WTO obligations, the official said. In response, India rejected the U.S. “counter notification,” arguing that New Delhi has done a better job on transparency than the U.S. and has maintained a methodology that’s consistent with WTO rules, the official added.
Last month, USTR said its own calculations demonstrated that India underreported the subsidies for the two crops, causing New Delhi to exceed the domestic support it’s allowed to offer under the WTO membership rules. WTO members are required to periodically notify the body of new subsidies and other domestic support programs
www.fotavgeia.blogspot.com
During a WTO agriculture committee meeting on Tuesday, the U.S. formally accused India of substantially underreporting its subsidies, a move it called inconsistent with India’s WTO obligations, the official said. In response, India rejected the U.S. “counter notification,” arguing that New Delhi has done a better job on transparency than the U.S. and has maintained a methodology that’s consistent with WTO rules, the official added.
Last month, USTR said its own calculations demonstrated that India underreported the subsidies for the two crops, causing New Delhi to exceed the domestic support it’s allowed to offer under the WTO membership rules. WTO members are required to periodically notify the body of new subsidies and other domestic support programs
www.fotavgeia.blogspot.com
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