{"id":10612,"date":"2020-06-19T14:58:13","date_gmt":"2020-06-19T09:28:13","guid":{"rendered":"https:\/\/www.grainmart.in\/news\/?p=10612"},"modified":"2020-06-19T15:05:33","modified_gmt":"2020-06-19T09:35:33","slug":"traders-body-boycotts-products-from-china-as-the-border-issue-escalates","status":"publish","type":"post","link":"https:\/\/www.grainmart.in\/news\/traders-body-boycotts-products-from-china-as-the-border-issue-escalates\/","title":{"rendered":"Trader\u2019s Body Boycotts Products from China as the Border Issue Escalates"},"content":{"rendered":"\n<p>The Confederation of All India Traders (<a href=\"http:\/\/cait.in\/\">CAIT<\/a>) has boycotted around 500 items from China as the border issue escalated on Line of Actual Control (LAC) on 16th June.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Boycott of Products from China<\/h4>\n\n\n\n<p>The CAIT has issued a list of 500 items from China to be boycotted after considering criticism by business associations. This list includes toys, fabrics, textiles, apparel, everyday objects, kitchen items, furniture, hardware, footwear, handbags, and luggage. Also, it has electronics, cosmetics, electronics, watches, gems and jewellery, stationery, paper, household items, health products, and auto parts.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"186\" height=\"173\" src=\"https:\/\/www.grainmart.in\/news\/wp-content\/uploads\/2020\/06\/download-2.png\" alt=\"Traders Boycotts China Products as the Border Issue Intensify\" class=\"wp-image-10657\"\/><figcaption> Traders Boycotts China Products as the Border Issue Intensify<\/figcaption><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\">Focus on Scaling up of Domestic Production<\/h4>\n\n\n\n<p>CAIT National President BC Bhartia reported that the list includes those items which can be produced in India, replacing the imports from China. Moreover, the list under the campaign \u2018Indian Goods \u2013 Our Pride\u2019 include items that do not require specific technology for production. The Trader\u2019s body has targeted to meet the shortfall of $13 billion in imports from China by December 2021.<\/p>\n\n\n\n<p>Further, Bhartia added that they will discuss the matter with the Commerce Ministry. They will call for the government\u2019s support in scaling up the domestic production by aiding the <a href=\"https:\/\/www.grainmart.in\/news\/micro-and-small-enterprises-cluster-development-programme-mse-cdp\/\">small enterprises<\/a>. China is India\u2019s one of the largest trading partners. Also, the country annually <a href=\"https:\/\/www.grainmart.in\/news\/china-finalizes-import-of-wheat-and-corn-from-usa\/\">imports<\/a> goods worth Rs 5.25 lakh crore ($70 billion).<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">China\u2019s Non\u2013Market Economy Status<\/h4>\n\n\n\n<p>It was after several negotiations in December 2001 that China became a member of WTO. The organization granted the membership on a condition of treating it as a non-market <a href=\"https:\/\/www.grainmart.in\/news\/economy-heading-towards-recession-despite-reopening\/\">economy<\/a> for anti-dumping proceedings. Though the \u2018non-market economy\u2019 status term expired in 2016, several nations including have desisted it from granting the status of the <a href=\"https:\/\/www.grainmart.in\/news\/performance-of-indian-stock-market-amid-lockdown\/\">market economy.<\/a> A non-market economy is the one that has a monopoly over prices and hence the costs of the imported products set by the state. India has initiated around 18 anti-dumping proceedings in 2019, most of which are against China.<\/p>\n\n\n\n<p>In all, the trader\u2019s body has rightly acted out in the spirit of national interest. However, the list did not include any item which had unfeasible domestic production or of which there was no alternative import source.&nbsp; &nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Confederation of All India Traders (CAIT) has boycotted around 500 items from China as the border issue escalated on Line of Actual Control (LAC).<\/p>\n","protected":false},"author":13,"featured_media":6301,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[2474,20112,20109,20178,12735,120,20180,16885,3613,189,3272,20179,20111,20110,20183,20182,20181,18918,7771,10176,2339],"class_list":["post-10612","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-anti-dumping","tag-border-issue","tag-boycott-chinese-products","tag-business-associations","tag-cait","tag-china","tag-commerce","tag-domestic-production","tag-economy","tag-import","tag-india","tag-indian-goods-our-pride","tag-lac","tag-list-of-500-items","tag-market-economy","tag-non-market-economy","tag-small","tag-small-enterprises","tag-technology","tag-trade","tag-wto"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Trader\u2019s Body 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