India appeals against WTO ruling on sugar – Times of India


NEW DELHI: India has appealed against a ruling of the World Trade Organization’s (WTO) trade dispute settlement panel, an official said. The panel had ruled that the country’s domestic support measures for sugar and sugarcane are inconsistent with global trade norms.
The appeal was filed by India in the WTO’s appellate body, which is the final authority on such trade disputes. India has stated that the WTO’s dispute panel ruling has made certain “erroneous” findings about domestic schemes to support sugarcane producers and exports and the findings of the panel are completely “unacceptable” to it.
The panel in its ruling on December 14, 2021 recommended India to withdraw its alleged prohibited subsidies within 120 days.


Source link

Previous post Mamaearth parent company becomes first unicorn of 2022 – Times of India
Next post Car sales in Delhi up 19%, 2-wheelers hit slow lane | Delhi News – Times of India