Indian metallurgy industry asked the government to erect the fence from China. It includes doubling the tariffs, that is, increasing to 15% from the current 7.5%.
This is the reaction of dumping of Chinese metallurgical enterprises. Moreover, India's own metallurgical industry is quite developed. In this case, many countries offer help for domestic enterprises, which is a very natural thing.
In July, India's imports steel from China increased by 100%. Wilma, chairman of India public enterprises and Steel Authority Limited admitted that China's exports of steel products are being widely used in the construction sector.
In this conflict situation, India is likely to take the classic restrictive protectionist policies.
Clearly, this situation in India is connected with recent change of government.
It’s time that trust from voters should be rewarded. First, the new government should prove to the local business community that the government is protecting their interests and ready to provide support. Business community is also looking forward that the new leader of India, first Prime Minister can declare, guidelines in the field of economic policy is ready to launch.
Experts do not believe that protectionist measures India launched against Chinese dumping would lead to a "trade war." More likely，the two sides can resolve disputes under the WTO framework, despite the appeals process will be quite long. Of course, practice proves, it is possible, in some cases, WTO, as an authoritative body, its rulings have bee ignored.（more wonderful news plz visit wwwchinainout.com)
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