India raised several concerns at the World Trade Organisation (WTO) regarding China’s trade policies, particularly highlighting issues of non-transparent subsidies, restrictive trade barriers, and export controls that negatively affect key Indian exports like pharmaceuticals, shrimp, and bovine meat. New Delhi emphasized the need for China to align its trade practices with global norms to address a substantial trade deficit, which amounted to $85.07 billion in FY24.
India also questioned China’s restrictive cross-border data regulations and called for transparency in anti-dumping investigations. Additionally, India expressed opposition to China’s plurilateral Investment Facilitation Development (IFD) agreement, citing concerns over its transparency and potential violation of global trade rules. India sought further clarification on how this agreement would fit within the WTO’s consensus-based framework.
Here’s a table capturing the key points regarding India’s concerns over China’s trade policies at the WTO:
| Key Points | Details |
|---|---|
| Non-transparent Subsidies | India raised concerns over China’s non-transparent subsidies that violate trade norms. |
| Trade Barriers | New Delhi highlighted issues impacting exports of pharmaceuticals, shrimp, and bovine meat. |
| Export Controls | India questioned China’s export control on critical raw materials that affect global trade. |
| Cross-border Data Regulations | Concerns were raised over China’s restrictive cross-border data laws and regulations. |
| Trade Deficit | India emphasized the need to address the $85.07 billion trade deficit with China (FY24). |
| Market Access Restrictions | Restrictions on India’s shrimp and bovine meat exports to China were a key focus. |
| Transparency in Anti-dumping Investigations | India requested more information on China’s adherence to due process in these investigations. |
| Investment Facilitation Development (IFD) Agreement | India opposed the China-led IFD agreement due to concerns about transparency and violation of global trade rules. |
| Consistency with WTO Norms | India questioned how China plans to integrate the IFD into the WTO framework, seeking consistency with the consensus-based decision-making process. |
Glottis Limited 
Leave a comment