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Hold India accountable at WTO for ‘trade diversionary methods’: US lawmaker

WASHINGTON: A gaggle of US lawmakers has urged US President Joe Biden to file a proper request for session with the World Commerce Organization (WHO) on India’s “dangerous ways of distorting trade”. . In a letter to Biden, 12 lawmakers mentioned that present WTO guidelines permit governments to subsidize as much as 10 p.c of the worth of commodity manufacturing, however the Indian authorities on greater than half the worth of many commodities produced, together with rice and wheat. Persevering with to provide subsidies.

The lawmakers alleged within the letter that “non-compliance with the rules” and “lack of enforcement” on the a part of the Biden administration brought about a disproportionate loss to US producers by reducing rice and wheat costs and manufacturing. It has reshaped international agricultural manufacturing and commerce channels. “India’s practices are dangerously distorting trade globally and affecting American farmers and ranchers,” the letter mentioned. The letter is led by MPs Tracy Mann and Rick Crawford.

“We urge the Administration to make a formal request for consultations with India in the WTO and to continue to monitor domestic support programs of other WTO members that harm fair trade practices,” he mentioned. India has defended its stand within the WTO. Many international locations and organizations internationally have appreciated India’s uncompromising stand to guard the pursuits of its farmers.

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