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Iran to continue pace of missile program amidst US pressure

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Tehran: Iran’s defence minister said on Friday that despite the US pressures, Iran will not slow down the pace of development in its missile program.

“We will vigorously press ahead with the development of missile capabilities within the framework of the country’s defense policies,” brigadier general Hossein Dehqan was quoted as saying by Tasnim news agency.

“There has been no interruption in the process of designing and manufacturing defensive ballistic missiles,” Dehqan said, adding that the Iranian armed forces will employ all indigenous potential and equipment to strengthen the country’s defense power, regardless of what foreigners say or do.

Besides, deputy commander of Iran’s Islamic Revolution Guards Corps (IRGC) brigadier general Hossein Salami reiterated on Friday that Iran will not hesitate a moment to develop its deterrent power against the threats posed by the hegemonic powers.

“We will not stop developing our defense and deterrent power and this is a demand by the Muslim nation of Iran,” Salami said.

The remarks by Iranian military officials followed Thursday’s letter of President Hassan Rouhani to Defense Ministry to proceed with the country’s missile program “with high speed and seriously” and expand Iran’s missile capabilities in response to the US considered sanctions.

Rouhani’s remarks, in turn, were a response to the US Treasury Department’s recent announcement that it was considering sanctions against a number of Iranian and international individuals and agencies for their alleged involvement in developing Iran’s ballistic missile programme.

The new US move to add individuals and companies to the sanction list is a response to Iran’s recent test of a ballistic missile.

In October, Iran announced the tests of the long-range Emad missile which could be guided and controlled until hitting the target with high precision.

A UN experts’ report in December said that Iran violated UN Security Council Resolution 1929 by test-firing the Emad missile which is capable of delivering a nuclear warhead.

The UN report said the Emad ballistic missile has a range of “no less than 1,000 km with a payload of at least 1,000 kg”.

Under Resolution 1929, Iran is prohibited from working on ballistic missiles capable of delivering nuclear warheads. (IANS), (image courtesy:rnw.nl)

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India Urges China to Open Markets For Trade

“When people make a price comparison and want to move towards the cheapest goods, those are usually Chinese products.”

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india-china trade
Sampad Yadav, the owner of a shop carrying electrical goods in a market in Gurugram near New Delhi, says people are drawn to Chinese products such as LED lights because they are more competitively priced. VOA

Sampad Yadav, who sells electrical goods in a shop in the business hub of Gurugram on the outskirts of New Delhi, says Chinese goods such as LED lamps are popular with customers. “When people make a price comparison and want to move towards the cheapest goods, those are usually Chinese products.”

As in many other countries, Chinese products such as lamps, electronics, smartphones and engineering goods from the manufacturing giant have flooded Indian markets.

However, India has long fretted that areas in which it is strong such as generic drugs and Information Technology services, which make up some of its main exports to Western markets, remain shut out of China. That has made it difficult to bridge a ballooning trade deficit of about $50 billion between the two countries.

ALSO READ: China emerges as one of the fastest-growing sources of Foreign Direct Investment (FDI) into India

But there is optimism this could change following a meeting this week between the commerce ministers of the two countries in New Delhi.

“The Chinese side have agreed to work on the issue, prepare a roadmap to bring the trade to balanced level over a period of time,” Indian Commerce Minister Suresh Prabhu said after discussions with his Chinese counterpart, Zhong Shan.

Trade experts hope the growing tensions on trade issues between the United States and China will prompt Beijing to open up its markets more to Indian exports. “I think China is definitely under pressure now, looking into the kind of initiation which has happened against China,” says Ajay Sahai, who heads the Federation of Indian Exports Organization.

The meeting between the Indian and Chinese commerce ministers this week came amid efforts to de-escalate tensions between the Asian neighbors following a period of rocky ties and a tense 70-day face-off between their troops in the Himalayas last year.

india-china trade
Products such as lights and lamps sold in Indian shops are predominantly Chinese.Products such as lights and lamps sold in Indian shops are predominantly Chinese. VOA

Despite a long-lingering boundary dispute and an often-fraught diplomatic relationship, trade ties between the Asian giants have gained significant momentum and China is now India’s largest trading partner. Bilateral trade in 2017 topped $80 billion rising by more than 20 percent over the previous year.

But worryingly for New Delhi, the trade deficit remains high despite a marginal growth in Indian exports – they add up to about $16 billion versus Chinese imports into India of about $68 billion.

ALSO READ: India China’s Fight Over the Doklam Plateau Explained

Market access a key issue

India exports mainly raw materials like iron ore, copper and cotton yarn to China. “In whatever value-added exports where we are competitive, unfortunately, the market is not open for us,” says Sahai.

However, China has promised to give greater market access to Indian goods, particularly pharmaceuticals and agricultural goods such as rice, as well as service exports, according to the Indian commerce minister. “They have decided to work in a way that will address security issues from their side as well as introduce Indian companies to those who can buy these products in China,” says Prabhu.

New Delhi, which is trying to ramp up domestic manufacturing, is also urging China to manufacture more goods exported to India within the country.

india-china trade
Generic drugs produced by Indian pharmaceutical companies make medicines affordable, but India says that China does not provide market access to its generic drugs. VOA

ALSO READ: China is likely to get involved if India disrupts $46 billion China-Pakistan Economic Corridor (CPEC) in restive Balochistan

Whether the promised actions translate into concrete outcomes remains to be seen. But exporters are hopeful. Sahai points out that China has invited Indian traders to what is being billed as the country’s first importers fair to be held in Shanghai later this year – it is being showcased as a measure to further open up China’s market.

The positive tenor of talks between the two countries comes days after U.S. President Donald Trump announced plans to impose tariffs on Chinese imports valued at $60 billion.

New Delhi could also face U.S. ire on trade issues – although its exports to the United States are comparatively small, it has a high trade deficit in its favor and Washington has often complained of protectionist barriers in India. In February, Trump called out India for imposing higher duties on Harley-Davidson motorcycles than the U.S. does on Indian motorbikes.

Amid growing fears that global trade faces uncertain times, analysts have called on countries like India to focus on increasing trade within the region.

India and China also said they will strengthen cooperation in the World Trade Organization and other multilateral and regional frameworks to maintain their common interests. VOA