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India retaliates: Starts 177 dumping probes after China slows India exports
INDIA has launched 177 dumping investigations against Chinese imports, raised the duties on steel and car parts, banned sub-standard milk and illegal mobiles in response to China's slowing of Indian exports, reports the Calcutta Telegraph.
India's trade deficit with China rose to US$51.86 billion in 2015. "Trade deficit with China is growing ... we are examining things professionally," Commerce Minister Nirmala Sitharaman told parliament.
However, unless India can establish a case of dumping by the Chinese manufacturers no punitive increase in duties can be ordered.
Chinese mobiles without international mobile station identity numbers (IEMI) are banned, but a larger number are imported legally. Most mobile makers selling in India, including the European companies, source handsets or parts from China that carry globally recognised identification numbers.
Chinese milk products are also banned after the discovery of melamine, used to make fertilisers and plastics, in them.
Exports to China are limited to just raw materials - raw cotton and cotton yarn, petroleum products, iron ore, granite, copper and metal products, and spices - which account for 70 per cent of the exports.
"Our iron ore exports to China have already reduced. China is cutting its steel making capacity by 80 million tonnes over three years, which means further exports will be hit," officials were quoted as saying.
India's trade deficit with China rose to US$51.86 billion in 2015. "Trade deficit with China is growing ... we are examining things professionally," Commerce Minister Nirmala Sitharaman told parliament.
However, unless India can establish a case of dumping by the Chinese manufacturers no punitive increase in duties can be ordered.
Chinese mobiles without international mobile station identity numbers (IEMI) are banned, but a larger number are imported legally. Most mobile makers selling in India, including the European companies, source handsets or parts from China that carry globally recognised identification numbers.
Chinese milk products are also banned after the discovery of melamine, used to make fertilisers and plastics, in them.
Exports to China are limited to just raw materials - raw cotton and cotton yarn, petroleum products, iron ore, granite, copper and metal products, and spices - which account for 70 per cent of the exports.
"Our iron ore exports to China have already reduced. China is cutting its steel making capacity by 80 million tonnes over three years, which means further exports will be hit," officials were quoted as saying.
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