Yet another setback in US India bilateral ties
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WASHINGTON - The US has dragged India to the World Trade Organisation, alleging that it has "substantially underreported" its market price support for wheat and rice.
US Trade Representative Robert Lighthizer and Agriculture Secretary Sonny Perdue in a joint statement said the US had submitted a counter notification in the WTO Committee on Agriculture (COA) on India's market price support (MPS) for wheat and rice.
Filed on May 4, this is the first-ever COA notification under the WTO Agreement on Agriculture regarding another country's measures.
Based on US calculations, the Trump administration said it appeared that India had "substantially underreported" its market price support for wheat and rice.
"When calculated according to WTO Agreement on Agriculture methodology, India's market price support for wheat and rice far exceeded its allowable levels of trade distorting domestic support," it said yesterday.
The US expects a robust discussion on how India implements and notifies its policies at the next COA meeting, which is scheduled for June 2018, a media statement said
