India demands lower duty on carpet exports to China | SupportBiz

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India demands lower duty on carpet exports to China

 
India discusses ways to enhance exports of rugs and floor coverings to China.

Carpet makers in India have, time and again, expressed concern over the high import duty levied by China, and have requested a lowering of the duty.

The Economic Times reports that Anand Sharma, Minister of Commerce and Industry, raised this issue during a recent meeting with Luo Huining, Governor of the Qinghai Province in China, at New Delhi. Huining has given assurance that he will take up the issue of import duty with the concerned authorities.

Carpet exporters in India want Beijing to lower the import duty on carpets from over 20 percent currently to five percent.

Sharma believes that this move will help in addressing the trade imbalance between India and China.

The total exports of carpets were USD653 million in 2010-11, of which China accounted for eight percent. Sharma stated that there is a good demand for Indian carpets in China, and that carpet exports to China are way below the potential for imports from India.

At the meeting, Sharma and Huining also discussed ways to enhance the exports of rugs and floor coverings to China.