Indo-Chi­nese WTO ca­ma­raderie

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In­dia and China ask rich World Trade Or­ga­ni­za­tion mem­bers to elim­i­nate farm sub­si­dies that al­low them to cor­ner 90 per cent of to­tal en­ti­tle­ments

IN­DIA AND China have asked rich mem­bers of the World Trade Or­ga­ni­za­tion (WTO) to elim­i­nate their farm sub­si­dies that ex­ceed the ceil­ing lev­els, to re­move "the asym­me­try" be­tween them and de­vel­op­ing mem­bers. In a joint stepby-step pro­posal sub­mit­ted to the WTO, the coun­tries have asked for the re­duc­tion process to be­gin as early as 2019. WTO rules pro­vide flex­i­bil­i­ties to a hand­ful of coun­tries, al­low­ing them to cor­ner 90 per cent of to­tal en­ti­tle­ments, amount­ing to a stag­ger­ing US $160 bil­lion an­nu­ally, the pro­posal says. The move comes af­ter WTO mem­bers, in­clud­ing the US and the EU, ques­tioned In­dia's Min­i­mum Sup­port Price pro­gramme for farm pro­duce.

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