Indo-China border trade officially stops after closure of Nathula Pass
The Dollar Business Bureau The border trade between China and India through the Nathula Pass has been stopped officially with the closing of the Nathula Pass which was acting as a facilitator of exchange of goods between the countries. The information has been sourced from a Sikkim government press release which highlighted November 30 as the official date of closure of the pass. The event was marked by a formal closing function that was held at the Nathula Pass. The ceremony was attended by officials from the Department of Commerce and Industries and Central agencies such as Indian Customs, ITBP and Immigration and stake-holders. The border trade will be open in the next trading season starting May 1, 2017. Nathula is a mountain pass located in the ...
Govt pushes for greater trade with Myanmar via land
The Dollar Business Bureau To boost trade with Myanmar, the government is pushing for more trade between the two countries through the shared land boundary, stated Commerce Secretary Rita Teaotia. “Greater trade through land border will positively affect the economy of the country’s North Eastern region, and also enhance people-to-people contact,” Teaotia said on Wednesday while speaking at the launch of a study on ‘Enhancing India-Myanmar Border Trade: Policy and Implementation Measures’ jointly brought out by Ministry of Commerce and RIS. The study provides an in-depth analysis for increasing trade between India and Myanmar through land borders. It also proposes policy measures to achieve the goal as well as provide a framework of relevant implementation measures. Teaotia said that India and Myanmar not only share borders but ...
Nepal, China agree to open seven more border trade points
Source: PTI Nepal and China have agreed to open seven more border trading points to facilitate flow of essential goods to the landlocked country reeling under acute shortage due to blockade of a key border point with India by Madhesis protesting against the new Constitution. The annual meeting of Nepalese and Chinese customs officials in Kathmandu on the issue of simplifying trade and customs procedures concluded with the signing of a 20-point agreement. The 28th customs officials' meeting decided to resume operation of major customs points between the two countries which were disrupted due to the great earthquakes of April and May, according to a statement issued by Nepalese officials. During the three-day meeting, the two sides agreed to effectively operate the two ...
