SME Times is powered by   
Search News
Just in:   • Govt takes stock of shipping sector amid global maritime uncertainty  • Iran allows India-flagged tankers through Hormuz after talks between EAM Jaishankar, Araghchi  • Induction cooktops go out of stock on quick-commerce apps amid gas shortage fears  • Korean won falls against dollar as Middle East crisis drags on  • US debt surge could ripple across global economy 
Last updated: 14 Dec, 2021  

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

Sugar.9.jpg
   Top Stories
» Crude rally continues: Brent hits $100, WTI jumps 8 pc amid Middle East supply concerns
» India targets $100 billion textile exports by 2030-31: Giriraj Singh
» Sensex, Nifty post moderate losses over Middle East conflict
» J&K govt amends building by-laws to boost ease of doing business
» FTAs opening new markets for pharma, healthcare, and medtech sectors: Piyush Goyal
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
₹91.35
89.65
UK Pound
₹125.3
₹121.3
Euro
₹108.5
₹104.85
Japanese Yen ₹58.65 ₹56.8
As on 19 Feb, 2026
  Daily Poll
What is the biggest war impact on MSMEs?
 Export Disruption
 Raw Material Spike
 Freight Cost Surge
 Payment Delays
 Currency Volatility
 All
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter