Sharma, the former commerce minister, termed the charge ‘false and incorrect’, asserting that facts on record and official WTO documents contradicted Sitharaman’s claim.
Five countries led by US estimate that India provides support to its rice and wheat farmers ‘vastly in excess’ of what it reports to WTO. India has refuted all allegations.
In India for next round of intergovernmental consultations, Scholz talks about his country’s India push, including devising strategy to attract skilled Indian employees to Germany.
WTO's Committee on Agriculture met last week in Geneva. During this meeting, members could question each other on agricultural policies that potentially impacted trade.
India took a strong stand against IFDA at the 13th Ministerial Conference of the WTO. Proposed agreement gives China’s expansionist agenda a boost in the name of investment facilitation.
India has been asked basic questions such as why it hasn’t yet notified WTO of the decisions, why adequate notice wasn’t given, how long restrictions will be in place & why they were needed.
Indian refiners are testing Venezuelan barrels again as Russian supply sinks, but analysts say volumes will remain limited due to refinery constraints & supply capacity.
This is the game every nation is now learning to play. Some are finding new allies or seeing value among nations where they’d seen marginal interest. The starkest example is India & Europe.
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