Word: bans
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...just days after Nath's warning, India is being accused of raising trade tensions between the world's two largest emerging economies by imposing a temporary ban on imports of Chinese-made toys. The six-month ban was announced Jan. 23 by the Indian Directorate-General of Foreign Trade, which issued a two-sentence notification saying the restriction was being made "in public interest." Today, two weeks after the announcement, Nath finally spoke up on the matter, saying that India's step is WTO-compatible, and has been taken to ensure public safety. "The decision to ban was taken...
...China was swift to condemn the ban as protectionist. The China Daily, the official government newspaper, reported that Beijing may contest India's measure by taking the matter to the Dispute Settlement Body of the World Trade Organization (WTO). The newspaper cited WTO rules against "illegal trade barriers and punitive measures at a time when protectionism is growing amid the global economic recession...
...Chinese-made toys. In August 2007, Mattel, the U.S.'s leading toy company, was forced to recall 9 million of its products made in Chinese factories due to high lead levels in paint and other safety issues. "If it is a very harmful product, India has a right to ban it," Roy says. That sentiment was echoed by Toys Association of India president Raj Kumar, who denied that his industry group lobbied the government to protect Indian toymakers facing competition from the cheaper and wider range of Chinese toys. "There is a public interest litigation filed...
...More than $330 million worth of Chinese toys are imported by India annually, which accounts for over 60% of the total sold by Indian retailers. D.S. Rawat, secretary-general of the Associated Chambers of Commerce and Industry, says the ban is necessary not for safety reasons, but to guard against Chinese toymakers flooding the market with its products. "We have already been warning the government against dumping by China, Indonesia, Malaysia and Thailand," he says...
...Privately, BSF officers admit that the ban makes little sense; dozens of Indian citizens are killed every year while trying to earn the fee of about $22 for getting a cow across. (The animals can eventually be sold for as much as $900 each.) Legalizing the trade would reduce the border violence and open a new stream of tax revenue. But few on the border expect that to happen in a majority-Hindu country. "Which government is going to allow the export of cows for slaughter?" Mitra asks. "That would just be political suicide...