India and China have had trade relations for a long time. But now, amidst the growing tension between India and China on the border, the campaign to abandon the Chinese product has started. So that the dominance of Chinese product from the country's market can be reduced. At the same time, China's stubborn approach to the Kashmir issue and advocacy of Pakistani interests in the United Nations Security Council (UNSC) has once again given rise to a boycott campaign for Chinese products in the country. Trade associations have offered not to sell Chinese goods from 1 September, while indigenous organizations have expressed concern that China's
For your information, let us tell you that telecommunications companies are winning the tender easily in sensitive projects of India, which can become a threat to the security of the country in the future. The Confederation of All India Traders (CAIT) has called a meeting of representatives of all states on August 29 to decide on the nationwide boycott of Chinese products, in which no Chinese goods will be offered in any market from September 1.
In his statement Confederation President BC Bhartia and General Secretary Pravin Khandelwal said that in 2018-19, India has imported $ 70 billion from China, while it has exported only $ 17 billion. This trade deficit shows that India is a huge market for China. Despite this, his constant hostile behavior is a danger bell for us. We have to teach China a lesson on the economic front and traders have taken this initiative in the same sequence. He demanded the government to increase the custom duty on Chinese products and end the free trade agreement from those countries through which cheaper and second-rate Chinese goods are coming. At the same time, demands are being raised in social media to teach China a lesson on the economic front. Many experts believe that if the scope of the boycott is limited to festive goods, gifts and toys, then it will only affect 2-3% of imports in value terms. There will also be a campaign to boycott Chinese electronic, electrical products and machinery, but before that domestic companies will have to be competent and competitive.