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India eases ban on Chinese-made toy imports
Source: Agencies |
March 3, 2009, Tuesday
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Print Edition
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INDIA eased the ban on imports of Chinese toys, three weeks after China said the sanctions could hurt bilateral trade relations.
India, which had imposed a six-month ban on made-in-China toys on January 23, yesterday said imports can be allowed if the consignments are accompanied by certificates of international quality assurance. China had said on February 9 that it was "seriously concerned" about India blocking its exports.
India imposed the ban in January on excuses of public safety and health. China rejected the ban, calling it an act of protectionism.
Indian toy dealers have complained they risk going out of business after toy prices soared by as much as 100 percent following the ban. Many say they are running out of stocks.
More than 4,000 Chinese toy companies closed last year because of waning demand and tighter safety standards, Xinhua news agency reported.
India has initiated 17 trade actions, including 10 anti-dumping probes, against Chinese imports such as penicillin, hot-rolled steel, vehicle axles and linen since October, according to the Chinese commerce ministry.
India, which had imposed a six-month ban on made-in-China toys on January 23, yesterday said imports can be allowed if the consignments are accompanied by certificates of international quality assurance. China had said on February 9 that it was "seriously concerned" about India blocking its exports.
India imposed the ban in January on excuses of public safety and health. China rejected the ban, calling it an act of protectionism.
Indian toy dealers have complained they risk going out of business after toy prices soared by as much as 100 percent following the ban. Many say they are running out of stocks.
More than 4,000 Chinese toy companies closed last year because of waning demand and tighter safety standards, Xinhua news agency reported.
India has initiated 17 trade actions, including 10 anti-dumping probes, against Chinese imports such as penicillin, hot-rolled steel, vehicle axles and linen since October, according to the Chinese commerce ministry.
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