India wary of China investing, trading through a third party
Data suggests significant indirect inflow of Chinese goods and investments through locations with which India has free trade agreements (FTAs), preferential trade agreements (PTAs) or other bilateral commercial arrangements.
Editorial Staff
India wary of China investing, trading through a third party
India suspects that China could be engaging in unfair trade practices by supplying goods and investments through a third party such as Hong Kong and Singapore, but may not bar legitimate Chinese trade and investments in India while scanning them from the perspective of national interest, people with direct knowledge of the matter said.
Data suggests significant indirect inflow of Chinese goods and investments through locations with which India has free trade agreements (FTAs), preferential trade agreements (PTAs) or other bilateral commercial arrangements. This is not only illegal but also injuring domestic industry, the people said, requesting anonymity.
The development comes a day after the Narendra Modi govenment announced ban on 59 mostly Chinese mobile applications such s Tik-Tok, UC Browser and WeChat, citing concerns that these are “prejudicial to sovereignty of India, defence of India, security of state and public order.”
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