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ARTICLE · 17 OCTOBER 2024

TPM Newsletter - Key Highlights - October 2024

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Several WTO members have questioned Indian agricultural policies in respect of export restrictions on rice and wheat as well as electricity and income subsidies offered to farmers.

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INDIAN UPDATES

India's agricultural policies raise concerns at the WTO (11 Sep)

Several WTO members have questioned Indian agricultural policies in respect of export restrictions on rice and wheat as well as electricity and income subsidies offered to farmers. The export restrictions were initially implemented in light of domestic food security concerns. Members including the US, Australia and Japan have sought India's plan for easing of export restrictions on wheat and rice and replacing the same with export duties. India has also been asked to provide the eligibility criteria for grant of income support to farmers under national-level and state-level schemes. Additionally, Japan has raised concerns regarding the electricity subsides given to farmers in India, which have allegedly increased disproportionally to the prices.

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