The Indian government may increase tariffs on imports of medical devices as part of the forthcoming budget. Tariffs could reach 15% from a maximum of 7.5% currently and would help enact the “Make in India” domestic manufacturing support policy. Imports reached $2.5 billion in 2017 through November 30, down 1% on a year earlier. American suppliers were the largest at 24% of the total with Chinese manufacturers second, with electronic diagnostic tools the leading product line. The new tariffs will likely be a source of friction with the Chinese government in the context of RCEP talks, thou...
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