May 3 , 2026
15 hrs 0 min
48
- India invoked the World Trade Organization peace clause for the 7th time with rice subsidies of $7.6 billion.
- The peace clause was agreed at the WTO Ministerial Conference in Bali in 2013 as an interim arrangement.
- It allows developing countries to provide subsidies under public stockholding programmes for food security.
- It protects such subsidies from legal challenges in the WTO dispute settlement system, even if limits are exceeded.
- These subsidies are linked to the Minimum Support Price procurement of crops by the government.
- It is a temporary measure until a permanent solution to food security is agreed upon at the WTO.
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