Routers
NEW DELHI (Reuters) - India plans to impose higher trade barriers and raise import duties on around 300 products from China and elsewhere, two government officials said, as part of an effort to protect domestic businesses.
The plan has been under review since at least April, according to a government document seen by Reuters, and is in line with Prime Minister Narendra Modi’s recently announced self-reliance campaign to promote local products.
The new duty structures are likely to be gradually outlined over the next three months, said the sources, who asked not to be named as the plan is still being finalised.
Bloomberg
India plans to impose stringent quality control measures and higher tariffs on imports from China, people with the knowledge of the matter said, as a military standoff between the neighbors threaten economic ties.
The state-run Bureau of Indian Standards is finalizing tougher norms for at least 370 products to ensure items that can be locally produced aren’t imported, the people said, asking not to be identified citing rules. The products include chemicals, steel, electronics, heavy machinery, furniture, paper, industrial machinery, rubber articles, glass, metal articles, pharma, fertilizer and plastic toys
Read more at: https://www.bloombergquint.com/economy-finance/india-is-said-to-weigh-strict-rules-tariffs-on-chinese-imports
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