India notifies WTO about its open-ended export curbs on wheat, sugar
India has informed the World Trade Organisation (WTO) that its export restrictions on wheat and sugar are temporary, aimed at preventing domestic shortages and stabilizing prices. However, no timeline was given for lifting these controls. While countries like the US and Australia have raised concerns, India maintains the measures will remain until the underlying conditions improve.
India has notified the World Trade Organisation (WTO) about its export curbs on wheat and sugar, calling these temporary measures to prevent critical shortage of items in the domestic market and stabilise prices.
But, New Delhi gave no indication of the time frame for removal of the export control measures asserting that the procedures would continue till the conditions, which led to them, persist.
“India’s export ban on wheat and restrictions on sugar have been questioned by several countries, including the US and Australia, at the WTO. India has been consistent in its position that the controls were temporary measures to take care of domestic situation, and would be subsequently removed when there is no need for it. This is what has been notified at the WTO,” a source tracking the matter told businessline.
To Read more about Sugar Industry continue reading Agriinsite.com
Source : The Hindu Business line
