Oz takes sugar fight with India to WTO

first_imgMelbourne: Australia has intensified its sugar 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. Also Read – Maruti cuts production for 8th straight month in SepAustralian Financial Review report quoted Australian Trade Minister Simon Birmingham saying “India has not taken concrete action to response to Australia’s long-held concerns and continues to provide subsidies in breach of its WTO commitments.” “The longer these unfair subsidies continue, the greater the impact will be on our hardworking Australian cane growers and millers and the regional jobs they create,” he said. It says India’s subsidies have contributed to a global sugar glut and hurt Australian farmers. “Australia’s relationship with India is strong and it shows how valuable the trading system is that even close partners with good relations can utilise WTO processes to address trade disputes.”last_img read more

Sri Lanka strongly condemns terrorist attack in Lahore

The Foreign Ministry said that Sri Lanka stands in support and solidarity with the Government and the people of Pakistan in their steadfast commitment to eradicate terrorism. President Maithripala Sirisena, in a separate statement, also condemned the attack. He said the terrorist attack is a dreadful act of cowardice. The Government today strongly condemned the dastardly terrorist attack targeting innocent civilians in Lahore, Pakistan yesterday.“The Government and the people of Sri Lanka wish to express our deep condolences to the families of the victims and our thoughts and prayers for the speedy recovery to those injured by the attack,” the Foreign Ministry said in a statement today. “I am saddened by the news and condemn all forms of terrorism targeting innocent civilians”, he said in a message sent to the Prime Minister of Pakistan, Nawaz Sharif.The President said that securing the lives of the people in the region is an uncompromised responsibility of the South Asian nations and Sri Lanka stands in unity with the people and the Government of Pakistan in this hour of grief. (Colombo Gazette) read more