Sources familiar with the matter have revealed that India is engaged in bilateral talks with Brazil to resolve a sugar dispute at the World Trade Organization (WTO).
India is the world’s second-largest sugar producer after Brazil. Image for representation purpose only. | Photo Credit: Pixabay
India is in negotiations with Brazil to resolve a sugar dispute at the World Trade Organisation (WTO) and the Ministry of Commerce and Industry is coordinating with concerned departments for the same, government sources said.
India is also following a similar process for other complainants of the sugar dispute at the Geneva-based WTO, they said.
In 2019, Brazil, Australia and Guatemala dragged India into the WTO's dispute settlement mechanism alleging that New Delhi's sugar subsidies to farmers are inconsistent with global trade rules.
The Department of Commerce is coordinating with all the concerned line ministries to arrive at possible alternatives, one of the sources, who is awa...