SME Times is powered by   
Search News
Just in:   • FM Sitharaman holds key pre-budget consultations with market experts  • Industry must set bold targets and mentor next-gen leaders: Piyush Goyal  • Sheikh Hasina sentenced to death over crimes against humanity charges  • Centre approves new Rs 7,712 crore investment under electronics component scheme  • DPDP rules to build trustworthy, future-ready digital environment for India 
Last updated: 14 Dec, 2021  

Sugar.9.Thmb.jpg India rejects WTO Panel's findings on its sugar policies

Sugar.9.jpg
   Top Stories
» Industry must set bold targets and mentor next-gen leaders: Piyush Goyal
» DPDP rules to build trustworthy, future-ready digital environment for India
» Gold, silver prices decline as stronger dollar weighs on demand
» RBI measures to provide liquidity relief to exporters, ride out near-term pressure
» Piyush Goyal meets world leaders, discusses ways to boost trade and investment
SME Times News Bureau | 14 Dec, 2021
Terming them "completely unacceptable", India on Tuesday said, there would be no impact of World Trade Organisation (WTO) Panel's findings on any of the country's existing and ongoing policy measures in the sugar sector.

"India has initiated all measures necessary to protect its interest and (decided to) file an appeal at the WTO against the report, to protect the interests of its farmers," a statement from the Ministry of Commerce and Industry said.

At the WTO in 2019, Australia, Brazil, and Guatemala had challenged some of India's policy measures in the sugar sector. "They had wrongly claimed that domestic support provided by India to sugarcane producers is in excess of the limit allowed by the WTO and that India provides prohibited export subsidies to sugar mills," the release said.

"The Panel issued its report on December 14, in which it has made certain erroneous findings about our schemes to support sugarcane producers and exports," it said.

Stating that the findings of the Panel are "completely unacceptable to India", the statement said: "The Panel's findings are unreasoned and not supported by the WTO rules. The Panel has also evaded key issues which it was obliged to determine. Similarly, the Panel's findings on alleged export subsidies undermines logic and rationale."

India believes that its measures are consistent with its obligations under the WTO agreements, the statement added.
 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
₹88.70
₹87
UK Pound
₹119.90
₹116
Euro
₹104.25
₹100.65
Japanese Yen ₹59.20 ₹57.30
As on 30 Oct, 2025
  Daily Poll
Who do you think will benefit more from the India - UK FTA in the long run?
 Indian businesses & consumers.
 UK businesses & consumers.
 Both will gain equally.
 The impact will be negligible for both.
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter