In the past, China has showcased such tendency and dumped its products at predatory rates in many markets including India. In the past, China has showcased such tendency and dumped its products at predatory rates in many markets including India.3 per cent so far in 2019 as the currency had gained on the back of large foreign portfolio inflows earlier in the year.

This has been catalysed by the Chinese manufacturers&China Rubber gasket Suppliers39; ability to undercut domestic manufacturers in these markets, resulting in lower market share for the domestic players in the EMs.India is unlikely to benefit much from the ongoing trade frictions between the United States and China due to the stark difference in the nature of commodities exported by India and China to the US.34 per cent of the US GDP.The agency said that in particular, India's share of imports from China in total imports of steel, polymer and capital goods could potentially increase as Chinese exports to the US start losing traction. The impact could percolate through lower international prices, thereby putting pressure on domestic prices due to diversion of supply from China to other importing countries. Hence, imports by otherAsian emerging markets from China grew 20.Rupee could weaken—A fall in Chinese exports to the US could potentially put downward pressures on the Chinese yuan.

This could provide fillip to the US credit market yields, which in turn could push up discount rates and reduce the arbitrage opportunity for US investors, resulting in weaker foreign portfolio investment (FPI) flows to emerging markets including India said the agency.Rise in US inflation could affect capital flows—Chinese exports accounted about 18 per cent of the total US imports in 2018, representing 2.With Chinese industrial production continuing to grow at around 5 per cent and Chinese exports to US contracting persistently, over the last few years, Chinese exporters have started penetrating into alternate markets.75 per cent in 2010. For instance, pharmaceutical products, and gems and jewellery accounted around 30 per cent of the Indian exports to the US, while electronic goods and capital goods accounted 47 per cent of the Chinese exports to the US in 2018. This could potentially disrupt the demand-supply dynamics in the Indian domestic markets, especially for products such as electronic goods, iron and steel and organic chemicals. According to India Ratings and Research, the rise in trade tensions between the US and China could lead the latter to guide its exports towards emerging markets (EMs). The agency expects demand-supply dynamics in these sectors to get skewed unfavourably over the medium term. Given the substantial share of Chinese imports in comparison with the size of the US GDP, lower imports or a rise in the cost of imported goods could stimulate inflationary pressures in the US..According to India Ratings and Research, the rise in trade tensions between the US and China could lead the latter to guide its exports towards emerging markets (EMs). Nonetheless, the impact is difficult to quantify at this point in time and will be contingent on the Chinese production/capacity utilisation levels, global demand-supply scenario and a host of other evolving factors. A likely devaluation of the yuan could stimulate a competitive depreciation in the Indian rupee, failing which the competitiveness of Indian exports could be affected said the rating agency.

"While employment-intensive sectors should be pushed in exports, the new strategy should focus on technology-driven sectors," he said.Sharing similar views, Professor Rakesh Mohan Joshi from the Indian Institute of Foreign Trade (IIFT) said the steps taken by the government would help exports record growth in 2020.Since January this year, exports have recorded a low rate of growth and slipped into the negative zone in August.The commerce ministry is considering several steps such as the announcement of the new WTO-compliant export incentive scheme and the new foreign trade policy for the next five years in 2020 to push the country&Grommet Factory39;s exports.In 2018-19, the exports grew by 9 per cent to USD 331 billion from USD 303. FIEO Director General Ajay Sahai said the global situation is likely to improve in the first half of 2020, which would have a positive impact on India's exports.However, "the positive growth in the exports of non-conventional commodity groups like electronic goods, drugs, and pharmaceuticals, organic and inorganic chemicals, augurs well for future growth," he told PTI. New Delhi: The continuous contraction in India's exports is likely to stop next year but the rate of growth will be subdued on account of the uncertain global trade situation due to rising protectionism.Commerce Secretary .

Wadhawan said the current slowdown in exports is mainly due to a decline in petroleum products.FIEO Director General Ajay Sahai said the global situation is likely to improve in the first half of 2020, which would have a positive impact on India's exports.6 per cent growth forecast in April 2019.2 per cent in 2019, substantially slower than the 2.However in 2020, the growth in trade volume is projected to accelerate to 2.5 billion in 2017-18.Promoting exports helps a country to create jobs, boost manufacturing and earn more foreign exchange.Sahai also said that Indian exports have to be aligned with changing import patterns of the global economy as 50 per cent of the world imports today is accounted by electrical and electronics products, automobiles, machinery, petroleum products and plastic items.India's export growth is in the negative zone since August 2019 due to a steep fall in shipments of key sectors like petroleum, engineering and gems and jewellery.On the trade front, India has been negotiating the mega free trade agreement RCEP (Regional Comprehensive Economic Partnership) since 2013. Exports will come out of negative zone next year but the rate of growth will not be in double digits," he said.This decline, he said, is mainly on account of fall in petroleum prices which has driven the export value downwards.42 per cent of overall outward shipments.7 per cent.The ministry has conducted a series of meetings with concerned stakeholders to finalise the foreign trade policy..Going by the current trend, FIEO has estimated that the exports may stand at USD 330-340 billion in the current fiscal. During April-November 2019-20, the country's exports contracted by 2 per cent to USD 212 billion.Since 2011-12, India's exports have been hovering at around USD 300 billion. But in November, Prime Minister Narendra Modi said India will not join the RCEP deal as negotiations failed to satisfactorily address New Delhi's "outstanding issues and concerns".Apex exporters body Federation of Indian Export Organisations (FIEO) said the global situation is becoming extremely challenging as rising protectionism is leading to uncertainty."There is a need to take structural reforms to increase the competitiveness of Indian products in the global markets," Joshi said.He added that the order book position of Indian exporters is encouraging and less volatility in the domestic currency has also been a positive factor for traders.As per the World Trade Organization (WTO), global merchandise trade volumes are expected to rise by only 1

"The Hong Kong bill awaiting Trump&Grommet Factory39;s signature supports human rights and democracy in the city, while threatening to revoke its special economic status. It will have a tremendous negative impact on the trade deal."Trump cast his relationship with Xi as the bulwark keeping China from moving against the pro-democracy movement that has rocked Hong Kong during almost six months of increasingly violent protests. "When necessary we will fight back but we have been working actively to try not to have a trade war.Asked whether he would veto the legislation, green-lit by an overwhelming margin in Congress on Wednesday, Trump equivocated. He is an incredible guy,' Trump said.'Fight back'Earlier in Beijing.

Xi met a group of former US officials and other foreign dignitaries, including Richard Nixon's Secretary of State Henry Kissinger, ex-Treasury Secretary Henry Paulson and Trump's erstwhile economic advisor Gary Cohn.China's Foreign Minister Wang Yi denounced the bill as "naked interference" in China's internal affairs, and vowed retaliatory measures. Trump's comments come as he mulls signing congressionally-approved legislation in support of the pro-democracy activists -- or bow to Beijing's threats of retaliation if the law is enacted."As we always said we don't want to start the trade war but we are not afraid," Xi said. "I would like to see them work it out.'"Trump acknowledged that the tension over the former British colony -- handed back to China in 1997 -- has complicated efforts to strike a trade deal with Beijing, a top Trump priority and source of economic uncertainty as Washington heads into an election year.

I'll tell you we have to stand with Hong Kong but I'm also standing with President Xi.US and Chinese trade negotiators are "potentially very close" to a deal, he said."If it weren't for me, Hong Kong would have been obliterated in 14 minutes," Trump said in a scattershot early morning interview with Fox News.He added that a "million soldiers standing outside of Hong Kong are not going only because I asked him: 'Please don't do that.Trump's comments come as he mulls signing congressionally-approved legislation in support of the pro-democracy activists -- or bow to Beijing's threats of retaliation if the law is enacted. We have to see them work it out. You will be making a big mistake."I'll tell you we have to stand with Hong Kong but I'm also standing with President Xi. (Photo: File) # Washington: US President Donald Trump on Friday said he had saved Hong Kong from being destroyed by persuading Chinese President Xi Jinping to hold off on sending in troops to crush its pro-democracy movement.A separate measure bans the sale of tear gas, rubber bullets and other equipment used by the security forces to suppress pro-democracy protests.