06−09 December 2023
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30 May 2022

Another anti-trade action

Govt must avoid protectionist measures. The Union Ministry of Commerce and Industry last week issued a statement to the effect that all imports of paper products — from newsprint to letter paper — will require pre-registration.

Another anti-trade action
Image Source: Business Standard
From October 1, according to the new requirements, imports will be subject to a Paper Import Monitoring System, which will require importers to register themselves in a manner similar to systems that have been put into place in the past for steel and coal.

There can be little justification for this return to the licence-quota raj in yet another industry.

It is yet another step backward for India towards the pre-liberalisation period, especially as the specific justification provided by the ministry is protectionist in nature, with the relevant statement saying the “move will also go a long way in promoting Make in India and Atmanirbhar in this category”. The misuse of “Make in India”, intended initially to create global competitiveness for Indian industry...


Source:  https://www.business-standard.com/article/opinion/another-anti-trade-action-122053001487_1.html

This Post was originally published on  business-standard.com