India: India invokes peace clause for 3rd time when rice subsidy exceeds limit

India called out for the third time peace terms for exceeding the 10% ceiling on support they have given their rice farmers. The country informed WTO that the value of rice production in the country for the period 2020-21 is 45.56 billion USD while the subsidy is worth 6.9 billion USD, which is 15.14% compared to the allowed 10%.

Peace clause protects India food purchase programs against actions from WTO members in the event of a subsidy ceiling being breached.

New Delhi first invoked the provision in 2020 when it became the first country to do so.

New Delhi told the WTO on Friday that stocks under the scheme were acquired and released to meet the domestic food security needs of India’s poor and vulnerable population, and at the same time does not impede trade or the food security of other countries.

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