Friday, January 13, 2023

India may consider imposing trade barriers to contain trade deficit with China: EEPC India Chairman

January 13: India must analyze the excess import across all tariff lines from China and take measures including trade barriers to control balance of payment deficit, said EEPC India Chairman Mr. Arun Kumar Garodia at a panel discussion on "Fostering EXPORTS from the state of Madhya Pradesh during Global Investment Summit.

Participating in the mega event, Mr. Garodia signed two MoUs with the Government of Madhya Pradesh in the presence of Chief Minister Mr Shivraj Singh Chouhan to promote trade and investments in the state.

The MOU also emphasized technology upgradation of the Madhya Pradesh SME sector with the help of EEPC technology Centres  in Kolkata and Bangalore.

Mr Garodia led a delegation of 30 overseas delegates from eight different countries to meet the honourable Chief Minister and briefed him about good feedback from overseas buyers about B2B meetings with the SME units of Madhya Pradesh.

During the meeting with the honourable Chief Minister, Mr Garodia also emphasized on putting  Madhya Pradesh pavilion at overseas  exhibitions and the international engineering sourcing show being organized from 16th to 18th of March 2023 at Chennai wherein 300 buyers from 60 different countries would come to have B2B meetings.

At the just-concluded Global Investment Summit at Indore, EEPC India with support from the Government of Madhya Pradesh had set up a Trade Consultancy Kiosk and a total of 280 businessmen visited the Kiosk during the two days and obtained free information concerning various aspects of exports.

The most frequently asked questions at the Trade Consultation Kiosk were about documents required for export, procedure for import, HS classification for particular products, import duty for specific products,

 and custom procedure and role of customs.

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