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India lifts ban on Chinese toys
(Xinhua)
Updated: 2009-03-02 17:03 India on Monday lifted the one-month ban on Chinese toys, after the country's toy dealers became angry over the ban and said they were threatened with going out of business.
Indian government said in a statement earlier that China could resume toy exports to India on condition that the products are tagged with world consumer safety certificates like that of the International Standardization Organization. India imposed the ban in January on excuses of public safety and health. China rejected the ban, calling it act of protectionism. Indian toy dealers have complained that they risk going out of business after toy prices soared by as much as 100 percent following the ban. Many say they are running out of stocks. (For more biz stories, please visit Industries)
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