India To Rely On Trade Monitoring Tools Amid Dumping Concerns From China, Says Official
China is India's biggest import source nation, with imports totalling $101 billion in FY24, according to provisional data published by the Commerce Ministry.
Amid concerns about the dumping of technology goods from China as a result of steep tariff hikes by the United States, India is expected to rely on its Directorate General of Trade Remedies to monitor any possible dumping concerns from India's neighbour.
The People's Republic of China is India's biggest import source nation, with imports totaling $101 billion in FY24, according to provisional data published by the Commerce Ministry.
According to an Indian official with knowledge of the matter, India's policy is sound and there would be no need to worry about US tariff hikes against China.
The United States, much like other Western countries, is following its stated domestic policies to reduce its dependence on China in the fields of energy and battery manufacturing, the official told NDTV Profit on the condition of anonymity.
Similarly, India will also depend on its own capacity, the official said. India's institutional systems, particularly the DGTR systems, will monitor dumping concerns from China, according to the official.
Global Trade Research Initiative, a trade research think tank, cautions that the rise in tariffs on items like EVs, batteries and other new technology items by the US may push China to dump these products in other markets, including India.
Some experts also expect the move to not have the desired impact. Speaking to Bloomberg, Franklin Templeton Investments Chief Executive Officer Jenny Johnson noted that a lot of mid-sized companies in China avoid levies by shipping their goods from factories in countries such as Vietnam, Malaysia and Indonesia—effectively skirting such US trade tariffs and curbs.
