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India looks to screen for re-routed Chinese goods
Why is it in news?
- India is considering measures to prevent trade partners, mainly in Southeast Asia, from re-routing Chinese goods to India with little added value.
Possible Measure by India:
- India is planning to raise quality standards of imports
- Impose quantity restrictions
- Mandate stringent disclosure norms
- Initiate more frequent checks at ports of entry for goods coming from many Asian countries.
Targeted Goods:
- The moves will mainly target imports of base metals, electronic components for laptops and mobile phones, furniture, leather goods, toys, rubber, textiles, air conditioners and televisions, among other items.
Raising Value-addition:
- The government will also discuss raising the value-addition requirement for products imported from those countries from the current level of 20%-40%.