NEW DELHI, Sept 11 (Reuters) – India will impose tariffs of between 12% and 30% on some metal merchandise imported from China and Vietnam in a bid to safeguard and enhance native business, an Indian finance ministry order confirmed.
Welded stainless-steel pipes and tubes exported by China, the world’s largest producer of metal, and Vietnam, shall be taxed for the following 5 years, the order from New Delhi issued on Sept. 10 confirmed.
Ties between the world’s two most populous nations have been strained since their militaries clashed on their disputed Himalayan border in 2020, prompting New Delhi to tighten scrutiny of Chinese language investments and halt main tasks.
Nevertheless, Indian overseas minister Subrahmanyam Jaishankar mentioned on Tuesday that New Delhi was “not closed to enterprise from China” however famous the difficulty was quite through which sectors and on what phrases Beijing did enterprise, with out elaborating.
The Indian authorities initiated an anti-dumping investigation in August on sure metal merchandise imported from Vietnam.
Chinese language President Xi Jinping met with Vietnam’s new chief To Lam in Beijing final month, in an indication that they’re eager to strengthen ties as commerce and funding develop and regardless of occasional clashes over boundaries within the South China Sea.
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Reporting by Pushkala Aripaka; modifying by Jason Neely
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