Traders’ body to boycott Chinese goods on Holi

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Traders’ body to boycott Chinese goods on Holi

Saturday, 16 March 2019 | Staff Reporter | NEW DELHI

Angry over China’s  refusal to vote in favour of a resolution moved at United Nations (UN) Security Council to declare Jaish-e Mohammad chief Masood Azhar as global terrorist, the traders of Delhi decided to boycott the Chinese goods on this Holi.

The Confederation of All India Traders (CAIT) has also announced that it will burn all the Chinese goods on the festival of Holika before Holi.

“The China has placed itself on the list of probable enemies for the national security of the Country which has made citizens and trading community in particular grossly anguished and resented and therefore the entire business community of India has decided to boycott Chinese products.

CAIT has given a call to boycott Chinese goods to its more than 40 thousands trace bodies across Country thereby representing 7 crore traders in India,” said BC Bhartia, Secretary General of CAIT. 

The CAIT burn the chinese goods on 19th March, ahead of Holi festival which will be held at about 1500 places all over the Country.

In Delhi, the event will be held at Sadar Bazar which is one of the hubs for Chinese goods.

The association has also demanded the Government to levy 300% to 500% custom duty on imports from China and also closely scrutinize the imports where more of Hawala transactions are involved.

It has also demanded to reduce dependency of Chinese raw material and goods special package should be given to indigenous small industries to produce goods at a competitive price.

 CAIT National President said that imports from China poses some important questions which include what all is imported is in fact  necessary for the economic development, whether the Government is getting legitimate revenue on imports, whether imports are linked with Hawala transactions, whether money paid to exporters of China are being used to fund terrorism activities.

We also demand government to conduct a high-level inquiry into import from China.