|
New Delhi, Apr 6: has reduced tariff barriers to facilitate cheap imports with a view to check the rising domestic price inflationary trend. But opening for imports at this stage would result in “importing inflation” when global prices are high.
The Chairman of the Central Organisation for Oil Industry and Trade (COOIT), Davish Jain has rightly pointed out that the major exporting countries very well know that the populous countries like India and China would import food at any cost to meet their needs and therefore would not hesitate to jack up prices.
The same has been the case with vegetable oil imports. Thus faced with such a situation the India and the developing countries would need to find a suitable alternative way in handling global trade....
| Single Page Format | Previous - 1 - 2 |
Discuss this story on expressindia forums
|
|
 |
 |
 |
About Us | Contact Us | Advertisers | Site Map | Make us your homepage | Work for Us | RSS | Subscribe | Electronic Edition | Privacy Policy© 2009: The Indian Express Limited. All rights reserved throughout the world
