U.S. says India paid far bigger cotton subsidies than allowed by WTO

GENEVA (Reuters) – India has paid out far more in cotton subsidies than is allowed by the World Trade Organization, with actual payments “vastly in excess” of what it had officially declared, the United States said in a filing to the Geneva-based trade watchdog on Monday.

The U.S. assessment of India’s market price support for cotton said New Delhi was allowed to pay out up to 10 percent of the value of production, but the actual figure had ranged between 53 percent and 81 percent since 2010.

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