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India opposes US, Australia allegations on its sugar subsidies breaching WTO limits.
May 28, 2024

India has firmly opposed a joint counter notification submitted by the US and Australia at the WTO alleging that its sugar subsidies breached WTO norms by a wide margin. It questioned the methodology used for calculating the subsidies and argued against the use of the rupee in making the calculations on the ground that the currency was 'heavily' impacted by inflation, sources said.

    

thehindubusinessline.com

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