Business Other News 04 Apr 2016 Traders body threate ...

Traders body threatens to boycott China goods

Published Apr 4, 2016, 1:17 am IST
Updated Apr 4, 2016, 1:17 am IST
The Confederation of All India Traders logo
 The Confederation of All India Traders logo

New Delhi: Traders body CAIT has strongly criticised China’s move to block India’s bid at United Nations for a ban on Jaish-e-Mohamed (JeM) chief Masood Azhar and threatened to boycott products from the neighbouring nation. The body said that it has taken a strong exception to the behaviour of China, which supported Pakistan openly. “We don’t see how would China make up for its stand and continue to work on bilateral talks to promote stability within the region,” it added.

The Confederation of All India Traders (CAIT) at its Governing Council meeting held on Saturday decided to boycott Chinese made goods with immediate effect and this decision will be ratified at the National Traders Conclave, to be held from April 4 to April 6, 2016. “CAIT would strongly agitate against Chinese goods and pledge to burn holy of Chinese goods made in China,” the body’s national president B.C. Bhartia and secretary-general Praveen Khandelwal said in a joint statement.

On Thursday, China had requested United Nations committee, which is considering a ban on Pakistan-based terror group Jaish-e-Mohammed chief Masood Azhar, to keep on hold the designation. After the terror attack on Pathankot airbase on January 2, India in February wrote to the UN calling for immediate action to list Azhar under the Al-Qaeda Sanctions committee.

Small merchandise makes up a significant part of Chinese imports. If the trade body’s materialises, it could significantly impact the Chinese imports to India.
According to an estimate, China imports China's exports to India amounted to $61.5 billion worth goods to India — the 15.8 per cent of the country’s overall imp-orts. Electronic items , especially mobile phones and computers, etc,  make up a significant part of it at $19.3 billion.

It is followed by mach-inery at $10.6 billion, organic chemicals $6.2 billion, fertilizers: $3.5 billion, iron and steel: $2.4 billion, plastics: $1.6 billion, medical equipment $1.3 billion, etc.



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