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A group of US lawmakers has urged President Joe Biden to formally file a request for talks with India at the World Trade Organization (WTO) on the issue of its dangerous trade decisions and uncomfortable treatment. It has been claimed on their behalf that by doing so, American farmers and cattle ranchers are being affected.
In a letter written by US lawmakers to US President Joe Biden, it has been said that currently the World Trade Organization allows governments to subsidize only up to 10 percent of the value of commodity production. Yet the Indian government continues to subsidize more than half of the value of production for many commodities, including rice and wheat.
US lawmakers have accused India of not following the rules while the Biden administration has been unable to control it. On their behalf, it has been said that the reduction in prices is affecting global agricultural products and trade channels. This is putting pressure on products like wheat and rice.
US lawmakers have said in their letter to President Biden that due to this situation, American producers are suffering huge losses. Lawmakers who have written letters to the US President include Tracey Mann and Rick Crawford.
Let us tell you that India has defended its stand in the World Trade Organization in this matter. Many countries and organizations around the world have praised India for protecting the interests of its farmers.
The Geneva-based World Trade Organization is an intergovernmental organization that regulates and facilitates international trade. Governments use the organization to establish, modify, and enforce rules governing international trade.