4 min read.Updated: 16 Aug 2018, 12:55 PM ISTDipti Jain
Roots of disagreement lie in how farm support is calculated under WTO, with US blaming India for under-reporting subsidy given for wheat and rice
Bengaluru: Farm subsidies seem to have become a major flashpoint in the escalating global trade war. In May, India came under attack from the US for its minimum support price (MSP) policy for foodgrain. India hit back, along with China, to demand that developed nations give up the bulk of their farm subsidies from 2019 onwards, escalating a demand that both countries had made in 2017.
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