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India or stop importing our knitwear
Nov 16,2023
Indian trade body urges Indian Prime Minister NarendraModiKnitwear from ChinaImports are restricted.
Earlier, according to information released by the China Trade Relief Information Network,Within 10 days of late September, India launched 13 anti-dumping investigations against Chinese products.
in addition, according to chinese customs statistics,From January to June 2023, China's import and export data to India are also declining, and the economic and trade exchanges between China and India have decreased.
Industry Urged to Limit Imports
At present, the Indian textile industry is facing the dual pressure of slowing export demand and the influx of imported fabrics and garments. According to the All India Knitting Association, imported supply is also eating up domestic demand.
According to a survey by the association, undervalued synthetic knitted fabrics imported from China cause A loss of £ 570 billion ($0.685 billion).
the association explained in a letter to the prime minister's office that,Synthetic knitted fabrics imported under HSN code 60063200 during April-August 2023,Total synthetic fiber knitted fabric74%, the average price is $1.41 per kilogram.
In contrast, domestic production costs are currently hovering Four dollars.
In response, the association said that due to unfair competition, India's domestic industry is losing market share. What's more, low-priced imports are eating up domestic demand.
Therefore, the agency asked the government to take immediate measures to restrict the import of synthetic knitted fabrics from China below the cost price.
It is not only recommended that the government immediately impose anti-dumping duties, but also that quality control orders be imposed on finished products rather than raw materials such as fiber and yarn.
According to the Prime Minister of India previously issued The "Make in India" policy to promote value addition through domestic manufacturing, the association requested the Prime Minister's Office to convene a meeting as soon as possible to discuss this urgent matter.
India wants to fight."Trade War with China
Recently, according to relevant information, sinceFrom September 20 to September 30, India has intensively decided to launch 13 anti-dumping investigations on related products from China.
The field of investigation involves transparent cellophane film, roller chain, soft magnetic ferrite core, trichloroisocyanuric acid, epichlorohydrin, isopropanol, thermos bottle, fasteners and other chemical raw materials, industrial parts and other products.
Among them, in the anti-dumping investigation initiated by India against China, the top three industries are chemical raw materials and products industry, pharmaceutical industry and non-metallic products industry.
according to our understanding,From 1995 to 2023, the global anti-dumping cases against China totaled 1614. Among them, the top three complaint countries/regions are India 298, the United States 189 and the European Union 155.
And China is inFrom 1995 to 2023, there were only 12 anti-dumping cases, 2 anti-subsidy cases and 2 safeguard measures against India, totaling 16 cases.
Therefore, it can be said that India's anti-dumping case against China is almost China's anti-dumping case against India.25 times.
As we all know, China has become India's second largest trading country, the United States still maintains India's largest source of trade surplus, while China is India's largest source of trade deficit.
This has led to India's dissatisfaction and hostility towards China, in an attemptunder the banner of "trade protectionism," they want to restrict imports to china and impose dumping duties on chinese products.
Earlier, the Indian Ministry of Commerce and Industry held a meeting attended by as many as a dozen ministries at the beginning of the year to discuss how to reduce imports of products from China in order to solve the problem.The issue of "trade imbalance between China and India.
One of the measures is to increase anti-dumping investigations against China, the sources said. Some other analysts believe that the Modi government intends to take the initiative to launch aThe Indian version of the "Trade War with China".
Total Sino-Indian Trade Decline
A few days ago, according to Chinese customs statistics,From January to June 2023, the total value of China's imports and exports to India was 66.027 billion billion US dollars, down 0.8 per cent year-on-year.
Among them, export56.531 billion U.S. dollars, down 0.9 percent; imports 9.496 billion U.S. dollars, down 0.6 percent; trade surplus 47.035 billion U.S. dollars, down 1 percent year-on-year.
This yearIn June, China's imports and exports to India totaled $11.205 billion billion, down 9.4 percent year-on-year.
Among them, export $9.774 billion, down 8.1 per cent; imports $1.431 billion, down 21 per cent; and trade surplus $8.343 billion, down 5.8 per cent year-on-year.
As can be seen from the above data,From January to June 2023, the total value of China's imports and exports to India was basically the same as last year, but the total trade volume decreased compared with the previous year.
Previously, the Minister of State-owned Enterprises in the thirdThe "the belt and road initiative" International Cooperation Summit Forum said that,The trade relationship between China and Indonesia has become increasingly close, and the trade activities between the two countries have grown rapidly.2041 trillion rupiah.
However, due to India's hedging strategy against China and actively strengthening its strategic cooperation with the United States and the West to balance China, the logic and foundation of Sino-Indian relations are constantly changing.
In addition, India has also targeted Chinese enterprises in India to suppress.
From an unseen perspective, China-India relations will face more challenges and opportunities. With the improvement of the economic and social development level of the two countries, there will be more exchanges and cooperation between the two countries in various fields.
However, there is also potential for cooperation between China and India. Both sides emphasize maintaining regional stability and development instead of conflict and confrontation.Therefore, it is possible for China and India to resolve their differences through dialogue and cooperation and jointly promote regional peace and prosperity.
However, to achieve this goal, the two sides need to overcome the difficulties caused by territorial disputes and geopolitical competition and establish a basis for mutual trust and cooperation.
In this process, the direction of Sino-US relations will also have an important impact on Sino-Indian relations. If Sino-US relations can achieve win-win cooperation, then Sino-Indian relations will also be conducive to improvement and development.
if sino-us relations fall into confrontation and conflict, then sino-indian relations will also face more pressure and risks.
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