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            february 18, 2019

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Indian products more competitive with US-China trade war, says CII


The Confederation of Indian Industry (CII) says certain Indian products may become more competitive with the US imposing additional 25 per cent duty on imports worth US$34 billion from China, according to Shipping Gazette.
India should focus on the US market for items in the categories of machinery, electrical equipment, vehicles and transport parts, chemicals, plastics and rubber products, according to an analysis by the industry chamber.
Top exports from India to the US which are covered in the list of items for which tariffs have been hiked include pumps, parts of military aircraft, parts for electro diagnostic apparatus, passenger vehicles of 1500-3000cc, valve bodies and parts of taps, said the CII.
Exports of these items stood at over US$50 million in 2017 and can be increased with concerted efforts, says CII.
Countries such as Vietnam, Indonesia, Thailand and Malaysia have increased their exports of these products to the US in recent years, the chamber noted.
Based on India's current exports to the US in these categories, products such as intermediate parts for the defence and aerospace sector, vehicles and auto parts, engineering goods, etc. have a higher potential for export, it said.
"Sectors like apparel and textiles, footwear, toys and games and cell phone manufacturing are becoming competitive industries in India and need to be encouraged," said CII.
The chamber suggested that the trade dialogue with the US should be strategised taking into account India's competitive advantage in these products.
Moreover, foreign direct investments from the US should be encouraged by boosting confidence of US firms in India's business climate, said CII, adding that this might necessitate addressing their concerns regarding non-tariff barriers in India for better long-term outcomes.
In the domestic industry, it stated that it is important for India to enhance productivity while adding technology to its domestic production in the identified products.
CII examined 818 product lines where the US has raised tariffs for imports from China, reports Press Trust of India.

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