In the past three years, India has switched from being the number four exporter of sugar in the world to number two. Over the past dozen years, its domestic production has grown by 56 percent, but its exports have exploded by 229 percent. It turns out there is a reason. In a WTO challenge by Australia, Brazil and Guatemala, it turns out that New Delhi has exceeded its bindings on how much domestic support it can provide to sugar growers. Almost worse, it failed in its obligation to notify the WTO of its subsidies.  India’s actions breed distrust in at least two ways: 1) the country had already been caught exceeding its subsidy bindings on other agricultural products and its failure of notification undermines the WTO; and 2) it p...

TAGS – Softs, India