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- W3206567253 abstract "There is general narrative that Free Trade is beneficial for one and all. We find that since 2001 when the tariff liberalization started, trade deficit has been increasing for most of the countries including India. In India, the said benefits of Free Trade are not accruing even as number of industries continue to shut down. As a result of lowering down of tariffs, imports have been increasing. It has been perceived that protective tariffs cannot be imposed because of our commitments in World Trade Organisation (WTO). However, we find that other countries have made use of flexibilities in WTO and have not only made use of non tariff barriers but also of the protective tariffs to safeguard their respective economies. The present paper seeks to make an enquiry into the possibility of imposing protective tariffs for guarding the interests of our economy in general and industry in particular. Given the structure of our trade with different categories of commodities, we have analysed the effect of protective tariffs on the imports. Our results show that the increased tariff in the budget proposals (Union Budget 2018-19) have reduced the imports to the tune of $4.97 billion, in seven months, which is 7.5% decline, compared to the same period for previous year. Also, imports from China have decreased by $2.97 billion which is a 20% decrease compared to the previous year." @default.
- W3206567253 created "2021-10-25" @default.
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- W3206567253 date "2020-12-08" @default.
- W3206567253 modified "2023-09-25" @default.
- W3206567253 title "WTO Compliant Protectionism with Special Reference to China" @default.
- W3206567253 hasPublicationYear "2020" @default.
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