You are here: Home » PTI Stories » National » News
Business Standard

Traders body threatens boycott of Chinese goods on JeM chief stance

Press Trust of India  |  New Delhi 

Traders' body Thursday said it will launch a national campaign to boycott Chinese goods "to teach a lesson to China" after once again blocked a bid in the to designate Pakistan-based terror group Jaish-e-Mohammed's (JeM) as a global terrorist.

The Confederation of All Traders (CAIT), which claims to represent seven crore traders, said that trade associations across the country will burn a "Holi of Chinese goods" on March 19, ahead of the festival.

The bilateral trade between and rose by 18.63 per cent year-on-year and reached USD 84.44 billion in 2017. But the trade deficit with continued to remain high at USD 51.75 billion during the year.

The bilateral trade hit the historic high, notwithstanding bilateral tensions over a host of issues, including the China-Economic Corridor, blocking India's efforts at UN to designate Azhar a global terrorist, blocking India's entry into the and the standoff.

For the fourth time, China blocked a bid in the (UN) to designate Azhar as a "global terrorist" by putting a technical hold on the proposal on Wednesday, a move termed as disappointing.

Now the time has come when China should suffer due to its proximity with in terms of providing all kinds of assistance, including and such resources, which are used against India, said.

also demanded the government levy customs duty of 300-500 per cent on the import of Chinese goods.

In its national campaign, CAIT said, it will also rope in national organisations of transport, consumers, small industries, farmers, hawkers and other sections.

The proposal to designate Azhar under the 1267 of the was moved by France, the UK and the US on February 27, days after a suicide bomber killed 40 CRPF soldiers in Jammu and Kashmir's Pulwama, leading to a flare-up in tensions between India and

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, March 14 2019. 22:45 IST
RECOMMENDED FOR YOU