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Apr. 10, 2023 POLITICO reports: The United States and five other ag-exporting nations have accused India of "vastly" underreporting the amount of subsidies that it provides for wheat and rice producers, fueling calls for the Biden administration to take the next step of filing a formal World Trade Organization case, our Doug Palmer writes for MA. India is required under World Trade Organization rules to cap its agricultural subsidies at 10 percent of the total value of crop production. That's double the 5 percent cap that developed countries such as the United States face. In a "counter-notification" filed last week at the WTO, the United States, Australia, Canada, Paraguay, Thailand and Ukraine said India appears to have regularly provided rice subsidies that exceeded 78 percent of the value of production and wheat subsidies that exceed 65 percent of the value of production. "It appears that India provides market price support for rice and wheat vastly in excess of what it has reported to the WTO," the countries said. Both the U.S. wheat and rice industry have long complained about the trade-distorting effect of India's public stockholding programs. "We urge USTR to take all necessary steps to ensure India brings these subsidies into compliance with their WTO commitments," U.S. Wheat Associates President Vince Peterson said in a statement welcoming the latest counter-notification, the second such notification since 2018. Sen. John Boozman (R-Ark.), ranking member on the Senate Agriculture Committee, echoed that call, while also praising U.S. Trade Representative Katherine Tai for highlighting India's actions. "This is further evidence that we need to pursue a formal case against India's blatant violations with the WTO," Boozman said. Tweet |
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