Himfr.com reports Chinese toys were popular in India，while affected by the trade protectionism
In the international financial crisis, the increasing spread of cases, the Indian Commerce and Industry early this year, once to "ban" Chinese toys. But the fact is, to take such measures of trade protectionism ultimately hurt the interests of both countries. As an emerging economy, China and India should join hands to deal with the current economic difficulties.
China toys with music and lights, the price cheaper than India's Toy
In India, sales of "Made in China" products, there are many shops. According to the Indian Commerce and Industry disclosed figures, in two years, only Chinese toys in the Indian toy market share from less than 50% to nearly 70%. But this year January 23, Indian Commerce and Industry sudden announcement of the toys imported from China to issue 6-month ban on the grounds that there is "public health and safety" reasons.
The Government of India against the ban on Chinese toys have been part of the Indian toy manufacturers welcome. India's production of the toy market share up, but the ban was implemented more than a month, the Indian market toy prices also rose 30% to 100%, India's consumer interests are compromised. However, many imports, sales of Chinese toy merchants say that, the ban will only give local enterprises in India are not competitive umbrella, not conducive to the healthy development of Indian companies and markets mature.
On balance, the Indian government to allow imports of Chinese toy companies
In addition to toys, a lot of people in India like the popular "Made in China" products has recently suffered a variety of barriers to trade. Government of India's trade protectionism, China's move has aroused attention. Chinese Government has repeatedly on various occasions expressed his solemn protest, demanded that the Indian side in the world economy is facing severe challenges in the special period of caution and restraint use of trade remedy measures, will not affect bilateral economic relations. In the trade-offs, the Indian government said it will allow Indian companies importing Chinese toys, but asked the importer to provide internationally recognized quality control certificate.
In the era of globalization, China and India is no longer limited to the impact of trade issues, the field of trade to address trade issues should not only consider their own narrow trade protection. As two major developing countries, Sino-Indian bilateral trade volume in 2008, more than 50 billion U.S. dollars. India has become China's ninth largest trading partner, China is also India's most important trading partner and the largest source of imports. To promote further bilateral trade cooperation, expand trade, China's Vice Minister of Commerce Zhongshan in mid-March to India, with India on how the global economic crisis to promote bilateral trade development coordination position. In this meeting, India Sharma, Joint Secretary of Commerce and Industry, said both China and India should work together to strive for an early out from the economic recession.v
