India, China to Hold Talks to Normalize Trade Relations

From the Economic Times: China and India will meet next week to discuss trade agreements between the two countries.  The representatives will include China’s vice-minister of commerce, Zhong Shan, and India’s commerce secretary, G.K. Pillai.

With the recession in key western markets hitting demand for Chinese exports, there has been a flood of imports into India from that country, sometimes at prices that hurt Indian industry. This has prompted the government to adopt various ways to check these imports to protect the local industry.

Earlier this year, India banned imports of Chinese toys, after it imposed restrictions on a variety of goods ranging from hot-rolled steel to radial tyres. The ban on toys has now been partially lifted.

New Delhi has also initiated 14 anti-dumping cases—instances where imports take place at prices lower than those applied in the domestic market causing injury to domestic industry—against China this fiscal year, of which preliminary duties have been imposed on two items… “We have so far taken measures against imports from China or any other country by sticking to norms laid down by the World Trade Organization. However, we are open to discussions on any concern that China might have and will try to reach an amicable solution,” a commerce department official, who asked not to be named, told [The Economic Times].

From UTVI:

See also past CDT posts on China-India trade.


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