India needs integrated approach towards China than having trade barriers to restrict its imports

Posted by Daily Shipping Times on 05-03-2018        Tweet

NEW DELHI: Mr. Sanjay Chadha, Joint Secretary, Foreign Trade (North East Asia), Ministry of Commerce and Industry recently advocated the need of integrated approach towards China to have market access for its industry rather than insisting on tariff and non-tariff barriers for Chinese imports against India. Speaking on India-China trade and Investment Relations under aegis of PHD Chamber of Commerce and Industry here, Mr. Chadha also stressed that Indian industry needs to enhance its manufacturing edge in a bid to find a market place in China with insertions of creative elements in the process of value engineering rather than asking for anti-dumping measures towards rising Chinese imports.

“Tweaking with prevailing trade barriers against China here and there could be a minor solution to restricting Chinese imports towards India as it would amount to a short term approach.  What should be advocated for India to have market access in China for its products is enhancement and acceleration in its manufacturing abilities with Government and industry partnership. China does subsidize its industry but so does India and therefore, focused and integrated approach would pave the way for Indian industry towards capturing a reasonable market size for Indian products in China”, said Mr. Chadha.

Former Commerce Secretary, Mr. Rajeev Kher, however, added that India needed to change her mindsets towards Chinese and Chinese manufacture abilities and should not have a different mindsets for China and separately preferential outlook for West.  It India also needs to accept Chinese investments in larger context. It is with this approach that in the long run, India can take on Chinese.

Former Indian Ambassador to China, Mr. Ashok K Kantha also aired similar sentiments and endorsed the views expressed by Mr. Kher though added that India should not ignore China and come on terms with it on quid pro quo basis.