In a retaliatory move, customs authorities at Chinese ports are holding back Indian consignments, the Federation of Indian Export Organizations (FIEO) has informed the Indian government.
The FIEO on Thursday, June 25, pointed out that customs authorities at Indian ports had ordered examination of Chinese consignments without any official word from the government and this had led to retaliatory measures from the government in China.
While the Indian government has said that there was no official communication, the examination of consignments from China is leading to the piling up of imports and in response Indian exporters have complained that customs authorities at Chinese ports are holding back export consignments, the FIEO said.
The FIEO pointed out that China’s exports to India constitute about 2.5 percent of its total exports, but India sends about 5.4 percent of its total exports to China and such trade exposure to China needed to be taken into consideration before India took unilateral moves on trade.
The ‘unofficial’ checking of consignments from China at Indian ports comes in the wake of the deterioration of Sino-Indian relations since the clash of the military forces of both countries at the border early this month, resulting in casualties for both sides.