Site icon Youth Ki Awaaz

Decoding the boons and Banes of Chinese Boycotts

 

Territorial integrity and national sovereignty are but sharp arsenals of arousing, mobilizing and popularizing mass support and opinion in commanding obedience, pride and patriotism to the geographical locality defined as nations. It is here that the states willingly act up keeping their objectives and goals into pursuance for reaching any outcome. The present day quarrels and brawls between nation states are but a realization of this fact aimed at gaining physical prowess and military might at the expanse of the other. Ratcheting of the rhetoric certainly makes the stakes higher for either sides in posturings illustrated best in the displays of Nepal and China with regard to strategic possession of territory. In the beginning the Nepal side had objected to the inaugration of a  road by India,s Defence Minister Rajnath Singh as it objected to the road falling into their territory. Inferring upon Kalapani, Lipulekh, Limpiyadhura as their territories backed by the 1816 Sugauli Treaty passing a resolution approving the map in the Nepalese Parliament as earlier they had agreed upon virtual secretary and diplomatic levels virtual conference. Lately, marked by the entry of China in the fray staking claims in part of Ladakh where violent skirmishes and fights between Chinese PLA troops and Indian soldiers claimed the lives of twenty Indian soldiers in Galwan valley on June 15th. But why China is up for deliberately annexing our territories as a cover up for its woes in the homeland where their have been demands for greater autonomy viz a viz- Hongkong and Taiwan. Maybe a design to impress upon the attraction of the world combating Corona. Whatever it might be but the growing discontent for boycotting Chinese goods and articles is quite annoying and worrisome given the centrality of the investments being made in India. Their were visuals of BJP workers in Kolkata burning the effigy of Chinese Premier along with the Chinese flags as many were seen attempting to throw their LED TV Sets amidst the nationalist chants of Bharat Mata. I mean where are we heading towards with this action and exercise? Aren,t we doing a disservice to our ownselves as it will be our retailers, suppliers, distributors and manufacturers who will suffer the most. Given our insignificant share in global trade delivering a blow to us as many of core sectors from services to manufacturing are heavily dependent upon China for all its requirements. Any trade ban with China will affect the poor consumers as they are quite price sensitive and can,t afford the way a middle or upper middle class individual can afford to by purchasing the costlier option. Strikingly, the Chinese products that are in India are already paid for. By banning their sale and avoiding them we will be the worst loosers and sufferers of a kind proportionately more on the poorest retailers because of their relative inability to manage the unexpected. If both India and China stop trading then on the face of it China would lose only 3% of its exports and less than 1% of its imports, whereas India will loose 5% of its exports and 14% of its imports. We all are familiar of the cheap Chinese labour and the easy availability of it incase we would make up our minds to boycott as for the state by imposing import tariffs and cesses can do momentarily shortlived. Either can be a boon or bane but how do overcome the reality of our own structural and systemic inadequacies restricting our capabilities to do a free trade marred and overshadowed with anxiety and anxiousness. As any such future endeavour should gear it up for aggresively enhancing its competency at the global level as by giving up on signing the Regional Comprehensive Economic Parternship (RCEP) in November 2019 a free trade agreement India made the task of smaller states easier by further seeing a rise in their trade volumes and engagements with the bigger powers around the globe. If for the stalemate to be broken a consensus on trade engagements ought to be  devised

Exit mobile version