https://www.taxtmi.com/news?id=34754 India characterised China as a non-market economy and attributed a sharp pre-2014 rise in the bilateral trade deficit to low MFN tariffs that extended equal market access to such economies. In response, the government increased import duties and expanded quality-control measures to curb alleged predatory, low-priced, and substandard imports, framing these regulatory steps as necessary to protect domestic industry, reduce dependence on cheap imports, and prioritise product quality in trade policy. en-us Thu, 20 Feb 2025 23:31:04 +0530 Thu, 20 Feb 2025 23:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=34754 India characterised China as a non-market economy and attributed a sharp pre-2014 rise in the bilateral trade deficit to low MFN tariffs that extended equal market access to such economies. In response, the government increased import duties and expanded quality-control measures to curb alleged predatory, low-priced, and substandard imports, framing these regulatory steps as necessary to protect domestic industry, reduce dependence on cheap imports, and prioritise product quality in trade policy. News - Thu, 20 Feb 2025 23:31:04 +0530 https://www.taxtmi.com/news?id=34754