Federation of Indian Chambers of Commerce and Industry recommends raising tariffs on Chinese imported products
The Federation of Indian Chambers of Commerce and Industry recommends to the central government that in order to help domestic industries and markets overcome the challenges of the COVID-19 epidemic and successfully restore their competitiveness, during the recovery transition period, in order to avoid being exposed to low prices from China Due to the threat of product dumping, except for necessities, it is recommended that import tariffs on products from China should be increased by 10-15% for at least 6 consecutive months.
The meeting pointed out that if the central government does not immediately adopt special tariff measures to block the import of Chinese products directly from China or transiting through the ASEAN region, it may have a negative impact on India’s domestic manufacturing industry Caused significant damage and increased unemployment. The meeting further pointed out that judging from the continuous trade remedy investigation cases filed by various countries against China, China has obviously caused significant damage to the domestic industries of its trading partners.
The association believes that China often provides many illegal subsidies to its domestic manufacturing industry. In addition, China often takes advantage of countries’ industries to bail out or have operational difficulties. This continuous dumping has caused domestic manufacturers in various countries to face survival problems. In addition, when the global economy is in a slump, China and other countries are export-oriented and use large quantities of inventory to actively engage in dumping behavior to countries such as India that mainly import large quantities of goods and final products. Yuan proposed the above-mentioned increase in tariff barriers to protect domestic Advice for damaged industries.
The association is one of the main industrial and commercial groups that the government consults with enterprises on Indian trade policies or foreign negotiations to sign FTAs.
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