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Indian government restrictions on Chinese exports of machinery to India

Kyodo news, according to local newspaper recently reported in India, to prevent the influx of Chinese-made products to accelerate, the Indian government is studying measures, including raising tariffs on imports of some commodities, new barriers to imports. For this there is the Sino-Indian border issue both countries, India would inevitably will lead to new friction of these problems or will be held in late September for the first time in India strategic economic dialogue agenda.

According to "Indian Express" reported that the Indian government's response also includes the expansion of China's direct investment to India manufacturers, government agencies to attract more Chinese to buy Indian products.

Government of India has long been facing trade deficit. To eliminate the deficit, India developed a goal of expanding exports, the Indian industry and commerce, heavy industry and other officials in August to start a discussion on response measures, is expected in mid-September will develop specific policies.

According to "Indian Times" online edition reported, aimed at deepening bilateral relations in the Indian strategic economic dialogue last December, Chinese Premier Wen Jiabao's visit to India at the decision.

2010 fiscal year (April 2010 - March 2011) India-China trade of about $ 60 billion Indian trade deficit totaled $ 104.8 billion, of which approximately $ 20 billion trade deficit with China, Chinese exports to India mainly for machinery industrial products, while India mainly exports iron ore.


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