India invokes peace clause again as rice subsidies exceed 10% cap

India has invoked the peace clause at the World Trade Organization (WTO), for the second time, for exceeding the 10 per cent ceiling on support it offered its rice farmers. The country informed the WTO that the value of its rice production in 2019-20 was $46.07 billion while it gave subsidies worth $6.31 billion, or 13.7 per cent as against the permitted 10 per cent
ct programmes against action from WTO members in case the subsidy ceilings – cn in the case of India and other developing countries – are breached.