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Australia tells WTO that India massively overpaid sugar subsidies

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Reuters GENEVA

GENEVA (Reuters) - India's annual subsidies to sugarcane producers have breached the allowed limits as much as tenfold in the past six years, Australia told the World Trade Organization in a document published by the world body on Friday.

India's support for producers is supposed to be capped at 10 percent of the value of production, but it had paid between 77.1 percent and 99.8 percent since 2011, with payments between $9.3 billion and $11.8 billion, Australia said.

(Reporting by Tom Miles; Editing by Kirsten Donovan)

 

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First Published: Nov 16 2018 | 7:33 PM IST

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