国产精品99一区二区三_免费中文日韩_国产在线精品一区二区_日本成人手机在线

Australia, Brazil launch WTO action against India over sugar subsidies

Source: Xinhua| 2019-02-28 11:33:26|Editor: Xiang Bo
Video PlayerClose

CANBERRA, Feb. 28 (Xinhua) -- Australia has launched World Trade Organization (WTO) action against India over sugar subsidies.

Simon Birmingham, Australia's minister for trade, announced on Wednesday evening the government has decided to escalate the dispute with Brazil joining Australia.

The two countries claimed that subsidies paid to Indian sugar farmers by the nation's government has led to an abundant global supply of sugar and significantly lower prices, disadvantaging their own farmers.

"That's hurting canegrowers and sugar millers whether they're in Australia, Brazil, or any other country in the world," he 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."

"Last year, we saw around 1 billion Australian dollars of additional new subsidies to Indian sugar farmers," he said.

As a result the global sugar price hit a 10-year low, crippling sugar farmers in northern Australia who have also had to combat drought and floods.

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.

"These WTO inconsistent practices are really hurting our farmers and those elsewhere around the world, and that is why we are going down this path," Birmingham said.

It comes at a time when Australia is trying to increase the amount of trade it does with India, having identified the country as a major growth market.

The two countries signed a Comprehensive Economic Cooperation Agreement in December 2018 after seven years of negotiations and have agreed to ramp up trade.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001378572571
主站蜘蛛池模板: 岫岩| 阿克陶县| 洞口县| 临西县| 大邑县| 永登县| 新龙县| 娱乐| 临漳县| 通州市| 大埔区| 柘城县| 合作市| 武城县| 安岳县| 罗江县| 翁牛特旗| 兰州市| 冀州市| 思茅市| 赫章县| 嵩明县| 石柱| 沽源县| 锦州市| 常德市| 启东市| 南京市| 封丘县| 隆昌县| 临海市| 景泰县| 霍山县| 肥乡县| 咸宁市| 海宁市| 滦南县| 三台县| 安泽县| 隆子县| 外汇|