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Can’t ban all imports from China: Minister (Relevant for GS Prelims and Mains Paper II)

Commerce and Industry Minister opposed complete ban on Chinese imports 
India can’t impose a blanket ban on all imports from China, but it is possible to introduce anti-dumping duties and safeguard mechanisms on certain products to protect consumers and producers based on factual evidence.

Her remarks assume significance in context of a growing popular clamour to boycott Chinese goods in view of its stance on India’s security concerns.

Current trade between India-China
Trade between the two Asian economies declined from more than $72 billion in 2014-15 to $70.7 billion in 2015-16.

India’s trade deficit with China rose to $52.68 billion from $48.48 billion in 2014-15.

Waht is Trade Deficit?
Trade deficit is the amount by which the cost of a country's imports exceeds the value of its exports.
 



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