Boycotting Chinese Products can Affect Chinese Exports up to $17 Billion

Boycotting Chinese Products can Affect Chinese Exports up to 17 Billion Dollars, Boycott Chinese Products, Latest News, Business News, India, China
Boycott Chinese Products can Affect Chinese Exports

With a nationwide call for boycotting Chinese products amid the fierce India-China backlash at Ladakh Region, the traders are asking the centre to speak with e-commerce firms to stop selling products/items from China. The cost of importing these products is worth $74 billion annually.

The retail traders sell goods worth $17 billion comprising of Toys, household items, mobiles, electric gadgets, cosmetics, and many other products that are imported from China. The national trading body said that these products can be replaced by Indian made products.

“We, at ‘Federation of All India Vyapar Mandal’, are advising our members to clear their stocks of Chinese products and refrain from placing fresh orders. We are also requesting the government to restrict e-commerce companies from selling Chinese products,” V K Bansal, the association’s general secretary, told PTI.

In West Bengal Sushil Poddar, the president of the Confederation of West Bengal Traders Association has already said that their members have been told to stop selling Chinese goods as much as possible.

Under the campaign, ‘Bhartiya Samaan-Hamara Abhimaan’, The Confederation of All India Traders (CAIT) has decided to boycott many of Chinese goods. This includes over 3,000 Chinese products from 450+ categories.