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China Disdains Cotton Ban In India

2012/3/15 19:08:00 6

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According to Xinhua news agency,

India business

And Industry Minister Anand Sharma said 11 days ago that the government has decided to cancel the ban on cotton exports issued on the 5 th of this month and was officially announced on 12.

According to the India Christian newspaper, the India government claimed that China's demand for its cotton exports unexpectedly increased suddenly. This is the background of the India government's cotton export ban, but this is inconsistent with China's trade figures.

China's trade data show that China's cotton imports have been growing steadily over the past three years.

Chinese importers expressed their dissatisfaction with the announcement of India's abolition of the ban on 13 th.

Gao Fang, Secretary General of the China Cotton Association, warned in a letter to Anand Sharma, Minister of Commerce and industry of India on 13 th, that the actions of the India government would "seriously damage India's reputation as a serious trading country" and the result is that merchants will "seek more reliable trading partners".

Worth

India

The worry is that this letter is supported by the 18 member countries' international cotton association cooperation committee.

From the copy of the letter obtained by China Cotton Association, we can see that Ma Nu Kobita Avi Neil, President of the international cotton association cooperation committee, also signed the letter.

The letter warned that the ban would cause many contracts to default, and the India company would be included in the breach list of the international cotton association cooperation committee.

This will prevent companies from the member states of the international cotton association cooperation committee from doing business with India.

The member states of the international cotton association cooperation committee include Australia, Brazil, Japan, the United States, China and India.

Bloomberg News quoted the US Department of agriculture's estimate that China's cotton imports this year could increase by 54% to 4 million tons, but it may shift from India to the United States and Australia.

Officials and industry analysts warned that in addition to debating the legal basis for the ban, the government's change of position would set a bad precedent in two respects.

First of all, no matter in China or elsewhere, people will not take India's trade restrictions in any area into consideration. People will increasingly think that the India government can change its position and fulfill its obligations.

On the other hand, we decided to implement the ban and then

politic pressure

This reconsideration has also reinforced the perception that India is an unreliable source of imports.