What strategies are being discussed between India and Brazil to resolve a sugar dispute at the WTO
India is in bilateral talks with Brazil to come up with a resolution for the sugar dispute at the WTO.
- Increasing market access: India has offered to increase the volume of sugar imported from Brazil, which would help ease the supply-side pressure on international sugar prices.
- Separate quotas for raw and white sugar: Brazil is requesting that India establish separate quotas for raw and white sugar to limit import volumes and protect domestic production.
- Tariff-rate quota negotiations: The two countries are negotiating the terms of the tariff-rate quota (TRQ), which establishes the amount of sugar that can be imported before tariffs are imposed. Brazil is seeking a higher TRQ limit.
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a year ago