Home
Reports
Nathu La to be liberalised
(PTI) The Indian Commerce Ministry has announced a liberalisation of trade with
China through the Nathu La Pass in Sikkim, increasing the limit of value of
single consignments to Indian Rupees 100,000 (UK£1,222; US$2,419; EUR€1,795)
from IRs 25,000 (UK£305; US$605; EUR€448). India and China have allowed trade
through Nathu La since June 2006, but with the traders facing a number of
restrictions including a limited basket of items both for exports and imports
and controls on the number of hours traders can stay in each other’s territory.
The liberalised regime follows a report by India’s National Council for Applied
Economic Research, which was asked to suggest measures to boost trade through
the pass. This year’s trading began on a low-key note with only 13 traders from
India and 29 from the Tibet Autonomous Region (TAR) present.
Back to Archived Reports List