The five-pronged strategy seeks to:
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*get China to invest and produce in India, not just trade;
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*raise duties on products where India is not dependent on it;
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*create non-tariff barriers where dependence is high;
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*ensure Chinese state-owned procurement agencies buy in bulk from Indian companies; and
leverage the huge domestic market to gain access to Chinese markets, at least in areas where India has significant strengths.
.
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Each ministry will now present its own strategy for their respective product areas. Broadly, they will look at two aspects: where they are not competitive, how best duties can be structured to bring more competition, and where they are dependent on China, how to leverage the domestic advantage, “Of course, all this needs to be done within the ambit of WTO since India cannot deny national treatment to China, which too is a WTO member,” said an official.
The Centre on Wednesday expressed disappointment over China not fulfilling its promise to import more IT, ITeS and pharmaceutical products, a move that could help reduce the hugely-tilted trade imbalance favouring Beijing.
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During the eighth round meeting of the JEG last year, China had assured India that it would give India access, through government contracts, in sectors such as pharmaceuticals and IT. India's trade deficit with China stood at $20.02 billion in 2010, more than $15.87 billion registered in 2009.
Ahead of the meeting between Prime Minister Manmohan Singh and his Chinese counterpart Wen Jiabao in Hanoi, state-run Peoples Daily on Thursday suggested that India was trying to "encircle China" with its "Look East" policy of befriending Japan and ASEAN countries.
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India's "Look East policy" should not mean a policy to "encircle China" and India should "listen" to Beijing's "expression" before joining any anti-China alliance with Japan, said a write-up in the newspaper.
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"Singh's visit to Japan, Malaysia and Vietnam has been a media hype at home, being even described as a missionary trip to seek new strategic allies to deal with China," it said asking whether India's "Look East Policy" means "Look to encircle China".
.
*get China to invest and produce in India, not just trade;
.
*raise duties on products where India is not dependent on it;
.
*create non-tariff barriers where dependence is high;
.
*ensure Chinese state-owned procurement agencies buy in bulk from Indian companies; and
leverage the huge domestic market to gain access to Chinese markets, at least in areas where India has significant strengths.
.
.
Each ministry will now present its own strategy for their respective product areas. Broadly, they will look at two aspects: where they are not competitive, how best duties can be structured to bring more competition, and where they are dependent on China, how to leverage the domestic advantage, “Of course, all this needs to be done within the ambit of WTO since India cannot deny national treatment to China, which too is a WTO member,” said an official.
The Centre on Wednesday expressed disappointment over China not fulfilling its promise to import more IT, ITeS and pharmaceutical products, a move that could help reduce the hugely-tilted trade imbalance favouring Beijing.
.
During the eighth round meeting of the JEG last year, China had assured India that it would give India access, through government contracts, in sectors such as pharmaceuticals and IT. India's trade deficit with China stood at $20.02 billion in 2010, more than $15.87 billion registered in 2009.
Ahead of the meeting between Prime Minister Manmohan Singh and his Chinese counterpart Wen Jiabao in Hanoi, state-run Peoples Daily on Thursday suggested that India was trying to "encircle China" with its "Look East" policy of befriending Japan and ASEAN countries.
.
India's "Look East policy" should not mean a policy to "encircle China" and India should "listen" to Beijing's "expression" before joining any anti-China alliance with Japan, said a write-up in the newspaper.
.
"Singh's visit to Japan, Malaysia and Vietnam has been a media hype at home, being even described as a missionary trip to seek new strategic allies to deal with China," it said asking whether India's "Look East Policy" means "Look to encircle China".
India's Response
India however dismissed any apprehensions in Beijing about it forging closer ties with Japan, Malaysia and Vietnam to encircle China, saying these were stand-alone bilateral relations not predicated on any other country.
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"Our relations exist in their own right. These are not predicated on any third country," Secretary (East) in the External Affairs Ministry Latha Reddy, who is accompanying Prime Minister Manmohan Singh on his visit to Japan, Malaysia and Vietnam, told reporters.
"We have valid bilateral relations with each of these countries and these are not predicated by ties with any other country," Reddy said.
.
She underlined that India's 'Look East Policy' was not new but as old as 195
.
"Our relations exist in their own right. These are not predicated on any third country," Secretary (East) in the External Affairs Ministry Latha Reddy, who is accompanying Prime Minister Manmohan Singh on his visit to Japan, Malaysia and Vietnam, told reporters.
"We have valid bilateral relations with each of these countries and these are not predicated by ties with any other country," Reddy said.
.
She underlined that India's 'Look East Policy' was not new but as old as 195
Future Tense: India and the South China Sea
http://www.indianexpress.com/news/future
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On the face of it, the reported ‘confrontation’ in July between an Indian naval vessel, INS Airavat and the Peoples Liberation Army Navy in the South China Sea in July seems little more than a storm in a tea cup.
.
China’s claim to the ownership to much of the South China Sea’s waters and islands, and the PLAN’s assertive behaviour during the last two years has generated much concern in the region.
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India has also supported the right to ‘freedom of navigation’ in the waters of the South China Sea through which much commerce flows between the Pacific and Indian Oceans
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Chinese media in recent weeks has been speculating on the expanding naval cooperation between India and Vietnam and the threat it might pose to China.
.
Delhi, however, will be right in arguing that if China has a right to intense naval cooperation with Pakistan and other neighbours in the Indian Ocean, India has a similar right in the South China Sea.
.
On the face of it, the reported ‘confrontation’ in July between an Indian naval vessel, INS Airavat and the Peoples Liberation Army Navy in the South China Sea in July seems little more than a storm in a tea cup.
.
China’s claim to the ownership to much of the South China Sea’s waters and islands, and the PLAN’s assertive behaviour during the last two years has generated much concern in the region.
.
India has also supported the right to ‘freedom of navigation’ in the waters of the South China Sea through which much commerce flows between the Pacific and Indian Oceans
.
Chinese media in recent weeks has been speculating on the expanding naval cooperation between India and Vietnam and the threat it might pose to China.
.
Delhi, however, will be right in arguing that if China has a right to intense naval cooperation with Pakistan and other neighbours in the Indian Ocean, India has a similar right in the South China Sea.
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