When there are accusations of "dumping" in foreign markets as a result of agricultural subsidies, it is usually the U.S. and EU and other rich countries that are accused of wrongdoing. So I thought it was interesting to see that India was being accused of the same thing, by an industry group in Bangladesh:
India is allegedly providing a considerable amount of subsidy for sugar export to Bangladesh as part of its strategy to dump the essential item.
Chief Marketing Executive of Bangladesh Sugar and Food Industries Corporation (BSFIC) ATM Alamgir made the allegation saying that both the central and provincial governments in India are giving huge subsidies to sugar exporters.
“The central government (of India) provides US$ 35 against per tonne sugar export to Bangladesh, while provincial governments, particularly that of Maharastra, gives US$ 30 in this regard,” the BSFIC senior official told a meeting here yesterday.
