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India uses peace clause fifth time, for rice subsidies given in 2022.
Apr 09, 2024

India has, for the fifth time, invoked the peace clause for exceeding the 10% ceiling on support it offered its rice farmers. The country informed the World Trade Organization (WTO) that the value of its rice production in 2022-23 was $52.8 billion while it gave subsidies worth $6.39 billion, which comes out to 12.1% as against the permitted 10%.

    
economictimes.indiatimes.com

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