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10
October 2018
 |
India and China (The Total Investment & Insurance Solutions)
India and China need to deepen cooperation to
fight trade protectionism in the wake of the unilateral approach being adopted
by the US on trade-related disputes, the Chinese Embassy said Wednesday. It
said practising unilateral trade protectionism in the name of "national
security" and "fair trade" will not only affect China's economic
development, but also undermine the external environment of India and hinder
India's booming economy. "As the two largest developing countries and major
emerging markets, China and India are both in the vital stage of deepening
reform and developing economy, and both need stable external environment,"
said Counselor Ji Rong, spokesperson of the Chinese Embassy in India. He was
replying to media queries relating to trade friction between China and the US.
Last month, US President Donald Trump imposed USD 200 billion tariff on Chinese
imports. China retaliated by imposing tariffs on about USD 60 billion of US
imports. Washington threa
"Under the current circumstances, China
and India need to deepen their cooperation to fight trade protectionism,"
Ji said. He said China and India share common interests in defending the
multilateral trading system and free trade and referred to comments by
President Xi Jinping and Prime Minister Narendra Modi to safeguard the
multilateral trading system and free trade at the World Economic Forum in
Davos. "Facing unilateralism and bullying activities, China and India have
more reasons to join efforts to build a more just and reasonable international
order," Ji said. The Chinese Embassy spokesperson also said the US should
reflect on its own practice of interfering in the internal affairs of
developing countries such as China and India under the pretext of human rights
and religious matters.The Total
Investment & Insurance Solutions
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