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Commodity Corner: US to approach WTO against India on minimum support price

Updated : May 10, 2018 04:31 PM IST

The US approached World Trade Organisation (WTO) against India on the Minimum Support Price (MSP) of wheat and rice.

All WTO members need to notify agricultural subsidies and price support to the Geneva-based global trade monitoring body.

This is the first time that the US has approached the WTO on the issue of domestic farm price support offered by its one of its trade partners.

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