Business Daily from THE HINDU group of publications
Monday, Dec 04, 2006
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Business Daily from THE HINDU group of publications Monday, Dec 04, 2006 ePaper |
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Foreign Trade Columns - Sticklish Issues Should India sign FTA with China?
The world's two largest growing economies need to find ways to increase the trade turnover and reduce trade barriers. Free trade agreements (FTAs) could be one way forward. Such confidence building steps can also ease the long-standing tensions between the two countries. S. Krithivasan, e-mail India must tread the FTA path cautiously. It is in our interest to beef up our infrastructure before we venture to take on Chinese manufacturing powers. T. S. Sundareswaran, New Delhi India should not be affected by the China and Pakistan FTA. The recent visit by the Chinese President, Mr Hu Jintao, to India has had a positive influence on the trade relationship between the two countries. However, we should exercise some amount of caution in interest of our security. The Expert Committee's report, expected to be submitted in October 2007, will throw more light on the issue. S. Nallasivan, Tirunelveli An FTA with China may not be a wise step for India. There will be a flood of Chinese goods if such an agreement is entered into. Chinese electronic gadgets are available in India at throwaway prices. Such a situation could be extremely disadvantageous to domestic players. The manufacturing sector could face a similar situation. This could create a serious trade imbalance. China is ahead of India in many sectors. The Government should consider the pros and cons of such an agreement for the short- and long-term before taking a decision. T. R. Anandan, Coimbatore Responses to Sticklish Issues dated Nov 20: With their century old expertise in steel making, the Tatas may yet clinch the deal. Should it win the race, it will be a red-letter day not only for the Tata group but also for India. S. Nallasivan, Tirunelveli
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