NDTV.com: Annual trade at Nathu La begins today

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Updated: November 21, 2009 22:34 IST

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Annual trade at Nathu La begins today

Press Trust Of India

Monday, May 04, 2009, (Gangtok)

The fourth edition of the annual border trade at the Sino-Indian frontier in Sikkim will resume on Monday after a six-month long winter break amid expectations that the governments of the two countries will review the goods list to make business more viable.

The border trade through the historical silk route at Nathu La had resumed three years ago on July 6, 2006 after a long gap of 44 years.

The annual border trade is restricted for participation of the traders from Sikkim and Tibet Autonomous Region (TAR) only and the goods list for trade were restricted to 29 items from India and 15 items from across the border.

Under the bilateral agreement, Indian traders visit Renguingang mart in TAR to buy goods from there, while their counterparts from across the border come to Sherathang Mart in Sikkim for trading purpose.

The traders of the two countries are issued Import-Export Code Number (IEC) and security passes by their respective authorities to enable them to visit the trade marts.

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