Australia and Brazil drag India to WTO over sugar subsidies
Australia and Brazil have decided to escalate a trade dispute with India over sugar subsidies before the
The global sugar price has hit a 10-year low, crippling sugar farmers in Australia who have also had to combat drought and floods, he said.
"That's hurting canegrowers and sugar millers whether they're in Australia, Brazil, or any other country in the world," Birmingham told reporters.
Birmingham said that Australia has voiced its concerns to India to no avail, leaving the government with "no other choice but to initiate formal WTO dispute action, together with Brazil", Xinhua news agency said.
"Last year, we saw around 1 billion Australian dollars (AUD) of additional new subsidies to Indian sugar farmers," he said.
According to the Australian Sugar Mining Council, the subsidies could amount to 360 million AUD in losses for Australian farmers over the 2017-2018 and 2018-2019 financial years.