India’s sugar subsidy: Why is WTO up in arms?

The Hindu Business Line | Nov 10, 2019 at 12:52 PM
  • Sugarcane is the most rewarding crop of all.
  • In July, Australia, Brazil and Guatemala initiated dispute proceedings against India at the World Trade Organization, claiming that the country’s sugar policies are not compliant with WTO rules.
  • MPS is the gap between a fixed external reference price and the applied administered price multiplied by the quantity of production eligible to receive the applied administered price.