Bitterness in India-China trade relations, evidence of tension at ports

New Delhi: The effect of Indo-China border tension is now clearly visible in other areas. Sudden bitterness is seen in the ongoing trade relations between the two countries. The investigation into goods from China in India’s ports has suddenly increased. And against this action, China has also stopped Indian products in Hong Kong ports.

Chinese held in Indian ports
stopping at ports of imported goods from China after growing controversy in India-China border, strict scrutiny is being investigated. Officials of the Indian Customs Department have started physical inspection of all consignments of goods coming from China based on intelligence. Government sources directly involved in the matter said that although there is no formal order regarding this, the Indian Customs Authority is conducting a special inspection of every consignment coming from China that reaches any airport or port. Have been. He said that the officials are examining the documents, goods and valuation. 

China is also retaliating
. As a result of this step, there are also reports of China retaliating with Indian exporters. There are complaints that consignments of Indian exporters have been stopped in Hong Kong. The Indian exporters body, Fio, expressed concern over the stoppage of their consignments at ports in Hong Kong and China in response to the action being taken by Indian authorities at the Mumbai and Chennai ports. Fio has written to the Commerce Secretary to take up the matter with the Central Board of Indirect Taxes and Customs (CBIC).

Last week, 20 Indian Army personnel, including the Colonel, were killed in a violent confrontation with Chinese soldiers in Galvan Valley in eastern Ladakh. This has increased the border tension between the two countries

About 14 percent of India’s total imports come from China. Between April 2019 and February 2020, India imported $ 62.4 worth of goods from China, while the neighboring country exported only $ 15.5 billion during this period. The main items imported from China include watches, musical instruments, toys, sporting goods, furniture, mattresses, plastics, electrical appliances, electronic equipment, chemicals, iron and steel items, fertilizers, mineral fuels and metals.

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