India today said the US-EU proposal on farm trade negotiations in the World trade Organisation was not acceptable to India.
The US-EU deal is expected to contain a hybrid formula marrying the gentle across-the-board cuts used in previous international farm agreements with a more aggressive capping of duties, and even their elimination, in some areas.
A similar mix will apply to export subsidies, which states had committed themselves eventually to eliminating in launching the Doha Round, and export credits.