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India to counter U.S. plaint on farm subsidies in WTO
WTO dispute
News:
- The Indian government will challenge US’ accusation that India is under-reporting its food subsidies at the World Trade Organization (WTO)
Important Facts:
- US had alleged that India has underreported its minimum Support Price (MSP) for rice and wheat
- 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
- Indian diplomacy has dismissed the allegations stating that the calculations are based on wrong assumptions
