Indian Silk Industry Seeks Curbs on Chinese Dumping Amid Geopolitical Clamor
News Analysis
VARANASI, India After bilateral relations between India and China reached an abysmal low following a bloody border clash, India’s silk industry reiterated its call for a ban by the Indian government on silk imports and illegal dumping from China, accusing its neighbor of seeking to destroy the indigenous Indian industry.
China is the largest silk producer in the world, while India stands at No. 2. The industry, which is one of India’s largest generators of foreign exchange, was a source of employment for 9.1 million Indians in fiscal year 2019, according to the Indian Brand and Equity Foundation.
Origin fraud threatens local exporters
After a local silk importer was recently found to be disguising Chinese products as Vietnamese to sell them in India, experts have warned of the risks of losing out on exports and preferential tariffs due to intellectual property (IP) violations. VNA
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Saturday, December 26, 2020 10:21
Hanoi (VNA) - After a local silk importer was recently found to be disguising Chinese products as Vietnamese to sell them in India, experts have warned of the risks of losing out on exports and preferential tariffs due to intellectual property (IP) violations.
The Department of Post-Customs Clearance Inspection from the General Department of Customs revealed that it had recently discovered a company in Ho Chi Minh City using its certificate of origin (C/O) to pass off Chinese silk products as Vietnamese and export them to India.