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Last updated: 26 Mar, 2018  

India.China.9.Thmb.jpg Trump's trade war: Opportunity for India, China

India.China.9.jpg
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Bikky Khosla | 27 Mar, 2018

China on Monday promised to address the issue of its massive trade surplus with India. In the 11th meeting of India-China Joint Group on Economic Relations, Trade, Science and Technology, China’s visiting trade minister Zhong Shan said that an effective discussions with India on trade relations can serve as the propeller for the growth not only between the two countries but in the entire region. The promise sounds too good to be true, but with the ongoing trade disputes between the US and China worsening day by day, the new dynamics looks like a definite possibility.

Last week saw some major developments what many experts see as the beginnings of a trade war between the US and China. The Trump administration, after a seven-month long investigation into China’s tactics, imposed tariffs on up to $60bn of Chinese products and investment. The move came on the back of another similar move early this month in the form of higher tariffs on steel and aluminium imports into the US. In retaliation, China imposed tariffs on 128 American products, and more recently threatened that China was not afraid of a trade war.

There is little doubt that the escalating tension between the two biggies is not good news for India. First of all, the development can impact global trade severely. Additionally, it is very likely that the US may sooner or later impose similar restrictions on India, considering $31 billion worth trade deficit between the two countries in India’s favour and the Trump administrations’ unhappiness over import duties on American goods imposed by India.

In the above scenario, the India-China meeting signals newer dynamics in trade relation between the two countries. During the discussion, the Indian commerce minster raised some important issues, including greater market access for Indian agricultural products, IT & IT Enabled Services (ITES) and high quality pharmaceutical products, and cooperation in the sectors of tourism and healthcare needs. It will be interesting to see how China will respond to this opportunity to build a new international economic order.

I invite your opinions.

 
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Import and export Of india
1065 | Wed Mar 28 08:31:59 2018
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Trade War: India's opp to source competitive surplus
Ashwin Shetty | Wed Mar 28 06:54:21 2018
While America is a mature market, most of india's industrial purchase (steel based) is price oriented solely. so for india to be competitive, it is essential to make available steel at most competitive prices. protectionist tactics for home made steel plant who are known to be profiteering despite manufacturing inefficiencies is only hurting the real manufacturers. lift all curbs on raw materials. the big boys must surely know how to compete. let the small ones become big by ensuring they bag more orders by price competitiveness. steel prices in the past few months have escalated sharply mostly by syndicate attitude of local steel producers. Make Steel and Other manufacturing inputs freely available. let buyer have the liberty to procure from cheapest source. be it from local or global market. chap does not mean inferior. its high time the small players become India's success tory. the big players have been India's failure story for time eternal.


Trump's trade war: Opportunity for India, China
Sukanta Ghosh | Wed Mar 28 03:59:45 2018
After this traffic impose by trump on China, they are diffidently going to look for alternative market and in this case INDIA is the best market for them but in India's prospective 1st we have to see what will be their response about the points raised by our Govt. We should not give total open business space to china without getting business from them.


INDIA CHINA AGREES TO ADDRESS TRADE IMBALANCE
Rohan.B | Wed Mar 28 03:16:39 2018
then what about anti dumping duty on chinese solar panel ?


About above
Suhas | Wed Mar 28 02:21:35 2018
We feel china is our elder bro. Only we don't like trespassing & help pak. Which is terrorism manufacturer & nuisance for word. Other we chaina India cultures very similar. Or we proud of your progress Thanx


 
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