“Make In India” Reaches Textiles, Doubling Duties and Jeopardizing RCEP — Panjiva


“Make In India” Reaches Textiles, Doubling Duties and Jeopardizing RCEP

Bangladesh 11 China 1760 Cons. Discr. - Apparel 214 India 284 Tariffs 1170

The Indian government has doubled import duties on 328 apparel, textile and flooring products to 20% in response to a surge in imports. Higher duties have been a common strategy in the “Make in India” policy to protect the development of domestic manufacturers. That follows a 57% increase in imports of the broad categories of products covered to reach $972 million. The largest exporters affected are from China, which accounted for 36% of the total, and Bangladesh (23%). The imposition of duties will also complicate RCEP negotiations with China and disrupt the supply chains of...

PANJIVA RESEARCH is a service provided by Panjiva, Inc. ("Panjiva") to relevant global subscribers, and are deemed to be Panjiva "Services" subject to the Panjiva Terms & Conditions of Use. Information contained within or made available via the Services is for informational purposes only and nothing in the Services shall constitute or be construed as an offering of financial instruments, or as investment advice or recommendations by Panjiva, Inc. or its affiliates of an investment strategy or whether to "buy", "sell" or "hold" an investment. The Services may include views and commentary about customers of Panjiva. No aspect of the Services is based on consideration of your individual circumstances, and you should determine on your own whether you agree with the information contained within or made available via the Services. Employees involved in Panjiva Research may hold positions in securities analyzed or discussed in the Services. Panjiva does not make any express or implied warranties, representations, endorsements or conditions with respect to the Services and the information contained within or made available via the Services, including without limitation, warranties as to the usefulness, completeness, accuracy, currentness, reliability or sufficiency of any information (including, without limitation, conclusions, statements, opinions, estimates, forecasts or projections of any kind) and expressly disclaims any implied warranties. Neither this disclaimer nor any of its contents may be forwarded or redistributed without the prior written consent of Panjiva. © 2019 Panjiva, Inc. All Rights Reserved.