What is India's strategy to deal with global sugar trade disputes, particularly with Brazil
Get an idea of India's bilateral negotiations with Brazil to resolve sugar trade disputes in the World Trade Organization.
- India has argued against Brazil's market-distorting practices, including market price support and export subsidies, which had led to a surge in Brazilian sugar exports and depressed global prices.
- India has emphasized its need to protect domestic sugar interests and its approach to ensure stability in global markets.
- Brazil has countered by claiming that India's domestic support measures, including export subsidies, hurt international trade and breach WTO regulations.
- India has debated that its support measures are justified due to the nature of the industry, consisting mainly of livelihoods of small farmers in India.
- India has called for a pragmatic solution, which takes into account the interests of all relevant stakeholders, balancing the competitiveness and sustainability of the industry.
- The two countries have engaged in negotiations to find a middle ground to address each other's concerns and move towards a fair, transparent and rules-based trading system.
Answered
a year ago