India is ‘non-committal’ on market economy tag for China II

  1. Solution: To refuse China the ‘MES’, India has taken sides with the U.S. and European Union
  2. Their stand is that in ‘market economies’ where prices of items are market determined (based on demand & supply conditions)
  3. But, there is still a significant government influence in the Chinese market
  4. The intention will be to ensure India’s manufacturing sector is not hit by unfairly priced Chinese goods
  5. Several nations that have a strong manufacturing base are concerned about according MES to China
  6. While nations in Africa and Latin America — dependant on Chinese investments to boost manufacturing — are inclined to grant MES to China
WTO and India
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