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Subsidies mitigates market adversities, says Prabhu

India complies with WTO

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India complies with WTO, says Prabhu

Prabhu (file picture) dispells subsidies notion.

 

The government was merely trying to mitigate the adversities of Indian exporters, which did not tantamount to subsidizing, specifically farm products, Commerce and Industry Minister Suresh Prabhu has stressed.

He dispelled the notion in the western countries that India subsidised its exports and pointed out that India was fully complying with World Trade Organization (WTO) guidelines.

“It is a misconception that we subsidise our exports. We are fully WTO compliant and not at all violating those,” Prabhu said in Kolkata 7 July 2019.

The minister also pointed out that the OECD countries were giving more subsidises to their farmers, particularly in the export of agriculture products. fiinews.com

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