The move is aimed at preventing banned Chinese imports from entering India through these countries.
Banning 59 Chinese apps, restricting the import of Chinese power equipment, and reviewing investment proposals from Chinese companies… India’s small moves against China continue. According to “Russia Today (RT)” news on the 7th, India’s Ministry of Commerce and Industry is considering stricter review of goods from Bangladesh, Sri Lanka, South Korea and other countries, and this move is aimed at preventing banned Chinese imported goods from passing through These countries enter India.
India’s Adani Port
According to reports, the Indian Ministry of Commerce and Industry has been promoting the implementation of the Customs It also requires the Ministry of Finance to introduce strict regulations on rules of origin and authorize customs staff to verify the abuse of free trade agreements.
The report mentioned that the Indian government has added a new chapter to the Customs Act on the management of rules of origin under trade agreements. Under the new rules, importers cannot benefit from preferential treatment simply by providing a certificate of origin. People familiar with the matter said notices about the new rules have been issued.
RT said that after the Sino-Indian border conflict, India introduced new regulations for Chinese imports and implemented 100% inspection of goods from China.
“We will carefully scrutinize imports from third countries,” a senior Indian official told the Indian media on condition of anonymity. Senior officials of the Indian government agreed that unnecessary imports need to be prevented. import.
Although the military confrontation in the Sino-Indian border areas has eased, India’s recent “small moves” at the economic level do not seem to have stopped. The Ministry of Power of India recently issued an order requiring Indian companies to obtain government permission before importing power equipment and components from China.
The “Times of India” reported that India will comprehensively inspect all imported products related to power supply to screen whether they pose a cyber threat. In addition, the Financial Times reported that Indian food delivery start-up Zomato may also be unable to successfully obtain investment from Chinese digital payment giant Ant Financial due to the Indian government’s new foreign direct investment regulations targeting China.
The Indian government has previously announced that it will increase the official approval process for any investment from countries with land borders with India to prevent “opportunistic hostile takeovers”.
At the regular press conference of the Ministry of Foreign Affairs on the 3rd, spokesperson Zhao Liqian emphasized that China-India relations need to be jointly maintained by both countries. India should meet China halfway and safeguard the two countries. relations between the two countries. Practical cooperation between China and India is essentially mutually beneficial and win-win. Setting up artificial obstacles for practical cooperation between the two countries violates relevant WTO rules and will also harm India’s own interests. China will take necessary measures to safeguard the legitimate rights and interests of Chinese enterprises. </p
