With eye on China, In­dia ups bar­ri­ers on im­ports from Asia

The Korea Times - - WORLD BUSINESS -

NEW DELHI (Reuters) — New Delhi is con­sid­er­ing mea­sures to pre­vent trade part­ners mainly in South­east Asia from re-rout­ing Chi­nese goods to In­dia with lit­tle added value, two govern­ment sources said, amid strained ties with Bei­jing and a push for self-re­liance.

In­dia is plan­ning to raise qual­ity stan­dards of im­ports, im­pose quan­tity re­stric­tions, man­date strin­gent dis­clo­sure norms and ini­ti­ate more fre­quent checks at ports of en­try for goods com­ing from many Asian coun­tries, the of­fi­cials said, de­clin­ing to be named as they were not au­tho­rised to talk to the me­dia.

The moves will mainly target im­ports of base met­als, elec­tronic com­po­nents for lap­tops and mo­bile phones, fur­ni­ture, leather goods, toys, rub­ber, tex­tiles, air con­di­tion­ers and tele­vi­sions, among other items, the of­fi­cials said.

Last week, In­dia’s trade min­istry is­sued a no­tice to re­strict in­bound ship­ments of TVs by re­quir­ing im­porters to get a spe­cial li­cense. The moves are ex­pected to pri­mar­ily hurt Malaysia, Thai­land, Viet­nam and Sin­ga­pore — mem­bers of the As­so­ci­a­tion of South­east Asian Na­tions (ASEAN) with which In­dia has a free trade agree­ment (FTA). In­dia is also wor­ried about heavy trade flows from South Korea.

“Rais­ing du­ties has a lim­ited im­pact,” said one of the of­fi­cials.

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