VISA PROBLEMS: India is too strict with issuing visas to Chinese who want to visit India. Many Chinese business people face extreme difficulty in obtaining Indian visas – most of them at best only get 3-month visas; and then they have to leave India and apply for visa again. This is creating havoc for Chinese labourers who dream to work in India; and even businessmen who want to make a fortune here. China looks forward for more cooperation from the Indian Government in terms of giving more flexibility in issuing visas to Chinese citizens.
BORDER ISSUE: There has been no progress in regards to the border issue, which is perhaps the biggest issue discerning bilateral relations between these two peaceful nations. There seems to be strong political determination from both the sides with meagre results. We have already held 13 rounds of meetings with Indian Special Representatives on this issue.
PROTECTIONISM: India’s trade protectionism and anti-dumping laws are very much demotivating for the Chinese business community. Especially with regard to India’s reaction and ban of Chinese made toys. China found it unnecessary as there is no international standard as such. India should also understand the fact that a Chinese company generates employment when it comes to India. For example, Huawei, a Chinese company employs around 4,000 Indians nationwide. Is it not a blessing?
FRUIT EXPORTS: China sees India as a big partner when it comes to export of fruits and Agri-products. China sees export prospects for Indian fruits to be sent to China in large volume like that of Thailand and other Southeast Asian countries. India lacks modern infrastructure and storage capacity necessary to preserve fruits and other Agri-products. China can greatly support India in this as it is capable enough to store such products and sell them in the international market. MEDIA BIAS: If there is another aspect that China is greatly worried about, it is the biased nature of Indian media. Sometimes, the Indian media’s reaction is too anti-Chinese. Indian media often over hypes Indo-China border issues and infiltration or invasion of Chinese into Indian borders. The media often accuses China of destabilising Indo-Pak relations while the reality is opposite. It’s too imperative to be balanced when it comes to sensitive issues like border disputes and others. Media has a very responsible role. It should be careful, especially on vulnerable issues.
BORDER ISSUE: There has been no progress in regards to the border issue, which is perhaps the biggest issue discerning bilateral relations between these two peaceful nations. There seems to be strong political determination from both the sides with meagre results. We have already held 13 rounds of meetings with Indian Special Representatives on this issue.
PROTECTIONISM: India’s trade protectionism and anti-dumping laws are very much demotivating for the Chinese business community. Especially with regard to India’s reaction and ban of Chinese made toys. China found it unnecessary as there is no international standard as such. India should also understand the fact that a Chinese company generates employment when it comes to India. For example, Huawei, a Chinese company employs around 4,000 Indians nationwide. Is it not a blessing?
FRUIT EXPORTS: China sees India as a big partner when it comes to export of fruits and Agri-products. China sees export prospects for Indian fruits to be sent to China in large volume like that of Thailand and other Southeast Asian countries. India lacks modern infrastructure and storage capacity necessary to preserve fruits and other Agri-products. China can greatly support India in this as it is capable enough to store such products and sell them in the international market. MEDIA BIAS: If there is another aspect that China is greatly worried about, it is the biased nature of Indian media. Sometimes, the Indian media’s reaction is too anti-Chinese. Indian media often over hypes Indo-China border issues and infiltration or invasion of Chinese into Indian borders. The media often accuses China of destabilising Indo-Pak relations while the reality is opposite. It’s too imperative to be balanced when it comes to sensitive issues like border disputes and others. Media has a very responsible role. It should be careful, especially on vulnerable issues.
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Investment Treaties apart from hundred other treaties in the form of FTAs. All is to solely promote FDIs. And FDI in 2007 was around $1.8 trillion which came down to $1.4 trillion in 2008. And it is further estimated to drop by half by the end of 2009. If properly scrutinised, FITs have least contribution in it. The primary determinants of attracting more FDIs are economic and political stability, size of domestic market, skilled labour force or a export platform to other neighbouring hubs. Brazil and Haiti are two Latin American countries. Brazil is the leading FDI recipient but has no FITs. Haiti signed an FIT with the US on 1983 but that didn’t make it an FDI hub. The first FIT was signed between Germany and Pakistan. Well, neither Pakistan has substantial contributions on the German market nor many German companies are interested in Pakistan. The US has many FITs with countries, including Albania, Cameroon, Morocco or Sri Lanka but FITs have never been a reason for US investments in these economies. US signed an FIT with Bahrain. The stock of US FDI in Bahrain came down to $60 million in 2007 from $138 million in 2006 while the total FDI rose by 2 per cent to nearly $1.8 billion. China, India or Russia attracts huge FDIs for their favourable conditions not FITs. What is also a matter of concern is that foreign investors enjoy some special benefits through FITs for alleged treaty violations from the host nations at the international tribunal. Argentia was ordered to pay $133.2 million to a US investor for changing monetary policy that restricted repatriation of foreign exchange as compensation. Mexico was asked to pay $15 million to another investor for adopting an environment standard that affected his business. Ecuador too was asked to pay $75 million to a US oil company for changing country’s tax policy. Smaller countries often fall trapped into rich countries’ greedy and hostile policies through FITs. Thus, FDIs do not always result into sustainable development. Poor nations lack proper institutions and development-oriented policy framework, is also a reason for it. Few nations actually succeeded to bring sustainable development from FDIs. Chile is the one that has been able to through relevant policies. Mexico attracted huge FDIs in quantity but it thought that bringing FDI will automatically bring sustainable development. The same question is before India today. It has about 70 FITs. Recently, it also signed another FIT with the US. Signing FIT will not change the picture dramatically. US is already India’s second biggest investor. Thus it’s imperative to focus more on development-oriented policy initiatives before going crazy about FITs.