India may impose safeguard tax to check Chinese imports: DIPP

[SrNair]

NEW DELHI: India today said it could consider imposing "some kind of safeguard duties' on Chinese imports to bridge the huge trade gap as it cannot be sustained in the long run.

"This trade deficit (between India and China) is not sustainable in the long run and therefore it is very important to understand for Chinese companies that in the coming years, India will have to put some kind of safeguards whether it is in terms of standards...

"India will do this because (India) can ..

Read more at:
India may impose safeguard tax to check Chinese imports: DIPP - The Economic Times

 

[Brahmos_2]

GOOD.......

 

[Kloitra]

"Between April 2000 and July 2014, China have invested only $411 million. This is only 0.18 per cent of India's total FDI which it has received so far. The Chinese figure is very low. Lower than Botswana and Rwanda. FDI from China in India is insignificant and extremely poor. This is shocking," he added.

That is indicator of poor Indian bureaucracy and not Chinese investors.

 

[Brahmos_2]

GOOD.......

 

[DoTell]

If you want to be part of the WTO, you have to play by the rules. Blatant protectionism is not permitted. Safeguard tax? Safeguard what? Safeguard your stupidity maybe, but definitely it's not going to safeguard your trade imbalance.

Grow up, do something useful instead of talking nonsense. Maybe your product will be worth a dime one day.

 

[MarkovChain]

If you want to be part of the WTO, you have to play by the rules. Blatant protectionism is not permitted. Safeguard tax? Safeguard what? Safeguard your stupidity maybe, but definitely it's not going to safeguard your trade imbalance.

Grow up, do something useful instead of talking nonsense. Maybe your product will be worth a dime one day.

As insulting as this may be - I agree with this. We're going to go no where with these random taxes to safeguard dying products and industries. We need to rise our competitiveness to China's level to move forward.