• About Us
  • Activity
  • Advertising
  • Books
  • Business
  • Contact
  • EB5
  • Entertainment
  • feedback
  • Government
  • Home
  • Interviews
  • Members
  • National
  • Nevada
  • Nevada News and Views
  • Newsmax
  • NN&V Ads
  • Opinion
  • Politics
  • Polls
  • Privacy Policy
  • Subscribe
  • Subscription Confirmation
  • Survey
  • Survey
  • Terms of Service
  • Today’s Top 10
  • Travel
  • Travel
  • Travel
  • Welcome!
  • Yop Poll Archive
Nevada News and Views
  • Home
  • Muth’s Truths
  • Politics
  • Government
  • Entertainment
  • More
    • Nevada
    • Opinion
    • Business
    • Travel
    • News
    • Sports
  • Facebook

  • Twitter

  • Pinterest

  • RSS

Business

India Selling Subsidized Sugar to…IRAN?

India Selling Subsidized Sugar to…IRAN?
N&V Staff
October 30, 2019

(Chuck Muth) – As a result of Iran’s ongoing pursuit of nuclear weapons, the United States has been squeezing the Middle Eastern nation with a series of trade sanctions.

But in a little-noticed Reuters story two weeks ago, five sugar traders alleged that “Indian mills are aggressively selling old season sugar to Iran after New Delhi announced a subsidy to help cash-strapped mills export a surplus as Tehran strives to secure food supplies under U.S. sanctions.”

Reuters notes that the subsidized Indian exports could further drive down global prices which are already artificially low – often below the cost of production – and further distort the international market.

As for how India is circumventing the U.S. sanctions on Iran…

“Under U.S. sanctions, Iran is blocked from the global financial system, including using U.S. dollars to transact its oil sales. Iran agreed to sell oil to India in exchange for rupees but it can only use those rupees to buy Indian goods, mainly items it cannot produce enough of domestically.”

It’s bad enough that India continues to tilt the scales against global competitors with ongoing subsidies to its sugar industry, but now it’s extending subsidies that undercut the United States’ national defense interests.

Yet some in Congress are continuing their push to gut the current U.S. sugar program that protects American farmers from nations such as India which “cheat” in the international marketplace.

The recently introduced “Fair Sugar Policy Act” is not only a bad deal for American sugar farmers, but would reward a country that’s actively undermining our efforts to secure peace and safety for our allies in the Middle East.

The bill should be treated as dead on arrival by Congress.

Mr. Muth is president of Citizen Outreach and publisher of Nevada News & Views.  His views are his own.

Prev postNext post

Related ItemsbusinessFeatured ArticleGovernment
Business
October 30, 2019
N&V Staff

Related ItemsbusinessFeatured ArticleGovernment

More in Business

Zero for Zero the Solution to Global Sugar Subsidies

N&V StaffApril 26, 2022
Read More

Sugar Shortages and Shopping Cart Fights

N&V StaffMarch 28, 2022
Read More

Making a Sugar Mountain Out of a Sugar Molehill

N&V StaffMarch 23, 2022
Read More

U.S. Sugar Policy Stands as Model Against Economic Surrender

N&V StaffMarch 16, 2022
Read More

Sugar Lesson from Ukraine: Food Security is National Security

N&V StaffMarch 11, 2022
Read More

Another Sugar Policy Critic Swings and Misses

N&V StaffFebruary 21, 2022
Read More
Scroll for more
Tap

Subscribe Free By Email

Looking for the best in breaking news and conservative views? Let Chuck do all the work for you! Subscribe to his FREE "Muth's Truths" e-newsletter.

* indicates required
Nevada News and Views
Nevada News & Views is an educational project of Citizen Outreach Foundation, a non-partisan IRS-approved 501(c)(3) organization. It is not associated or affiliated with any political party or group. Nevada News & Views is accessible by the public at no cost. It funds its operations through tax-deductible contributions from donors and supporters and does not accept government money or grants.

TAGS

Featured Article Nevada Politics business Muth's Truths government Government Opinion Obama Muth’s Truths Ron Knecht News Donald Trump GOP Republicans

Copyright © 2021 Citizen Outreach | Maintained by VirtualAlly

Attorney General Ford Warns Youth, Parents About Cyber Scams Targeting Minors
Easy Way to Understand & Explain the Electoral College