Bigger India
Food Subsidies And WTO: Rich of The US to Challenge India
Last week, the United States (US) submitted a document in the World Trading Organization (WTO) questioning the compatibility of India’s agricultural subsidies with the relevant provisions of the Agreement on Agriculture (AoA).
Last week, the United States (US) submitted a document in the World Trading Organization (WTO) questioning the compatibility of India’s agricultural subsidies with the relevant provisions of the Agreement on Agriculture (AoA). The document targets the minimum support price (MSP) granted to wheat and rice, the two key food crops. The US’ contention is that the MSP of these two crops (market price support, according to AoA), are well above the limits set by the AoA.