Lok Sabha Question No. 2127 (UNSTARRED), answered on 2023-08-02
Subject: Trade War between USA and China
Ministry: COMMERCE AND INDUSTRY
Asked by: Rita Bahuguna Joshi, Sujay Radhakrishna Vikhepatil, Krishna Pal Singh Yadav, Unmesh Bhaiyyasaheb Patil, Shrikant Eknath Shinde, Heena Vijaykumar Gavit

## GOVERNMENT OF INDIA MINISTRY OF COMMERCE & INDUSTRY (DEPARTMENT OF COMMERCE)

## LOK SABHA UNSTARRED QUESTION NO. 2127 ANSWERED ON 02/08/2023

## TRADE WAR BETWEEN USA AND CHINA

| 2127.                                                                                                  | PROF. RITA BAHUGUNA JOSHI: DR. SUJAY RADHAKRISHNA VIKHE PATIL: DR. KRISHNA PAL SINGH YADAV: SHRI UNMESH BHAIYYASAHEB PATIL: DR. SHRIKANT EKNATH SHINDE: DR. HEENA VIJAYKUMAR GAVIT:   |
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| (a)                                                                                                    | whether the Government is aware of the `Trade War` between the United States of America and the People`s Republic of China which is still in existence;                               |
| (b)                                                                                                    | if so, the details thereof;                                                                                                                                                           |
| (c)                                                                                                    | whether the Government is aware of the trend of Multi-National Corporations exiting China in search of alternative countries amidst unfavorable trade agreements with US;             |
| (d)                                                                                                    | if so, the details of India`s comparative position vis-a-vis China with respect to stability, infrastructure, manpower, learning, discipline and labour laws; and                     |
| (e)                                                                                                    | the details of steps and actions taken by the Government to facilitate the capture of potential foreign investment?                                                                   |
| ANSWER                                                                                                 | ANSWER                                                                                                                                                                                |
| (a) and (b): The Government keeps track of the international trade developments and has noted that the | (a) and (b): The Government keeps track of the international trade developments and has noted that the                                                                                |
| (c):                                                                                                   | There is no public data available regarding companies shifting production outside China or global companies closing their business in China and moving to other countries.            |

(d) and (e): The Government, from time to time, has initiated reforms to improve business   environment in the country. The focus of these reforms has been to streamline the existing regulations and processes and eliminate unnecessary requirements and procedures. Country specific desks have been created in Invest India  for  handholding  and  facilitation  of  potential  investors  looking  for  investment  in  India.  The Government initiatives in the form of Make in India, Production Linked Incentives, Ease of Doing Business, Liberalisation of FDI policy, Skill development, infrastructure development, financial sector reforms, etc, are aimed at making India an attractive destination for foreign investment.

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