India invokes peace clause for 3rd time as rice subsidies exceed cap : Rashtra News
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The peace clause protects India’s food procurement programmes against action from WTO members in case the subsidy ceilings are breached.
New Delhi had first invoked the clause in 2020 when it became the first country to do so.
New Delhi told the WTO on Friday the stocks under the programme are acquired and released to meet the domestic food security needs of India’s poor and vulnerable population, and not to impede commercial trade or food security of others.
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( News Source :Except for the headline, this story has not been edited by Rashtra News staff and is published from a economictimes.indiatimes.com feed.)
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