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Australia: Australia steps up sugar trade fight with India, seeks WTO probe

Australia has intensified its sugarNSE 8.13 % related dispute with India by formally asking World Trade Organisation (WTO) to set up a panel to probe if the world’s second-largest sugar producer was breaching its obligations, a media report said Friday. In March, Australia was joined by Brazil to lodge a formal complaint against India with the WTO alleging that India’s continued sugar subsidies to farmers have led to a “glut” and “depressed” global prices. Australia along with Brazil and Guatemala joined hands to ask the WTO to set up the dispute panel to probe if India was breaching its obligations.