date:Apr 02, 2014
sidies would be notified to the WTO.
Australia said the Rs 3,300 per tonne incentive payment was the equivalent of 1416 per cent of the global price. Since India is the third largest exporter of sugar, this threatens to seriously distort trade, the country stated, adding that it asked India to remove export subsidies immediately.
It added that the amount envisaged could potentially finance all its own exports halfway across the Pacific Ocean. The Agriculture Agreement allowed developing count