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ReturnNathu La trade shut till next June
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PublishDate：
2006-10-12 16:57:00
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NATHU LA: Trade between India and China through this high mountain pass on the Silk Road, which opened after 44 years, closed over the weekend after registering business worth Rs 10.2 crore ($26,100) since July.
“Trade between the two countries have closed for this year and would resume from June 1 until September 30 next year,” Sikkim’s director of industry and commerce Saman Prasad Subba said.
As part of the formal closing of trade, at least 60 Sikkimese traders on Thursday crossed over to the Chinese mart at Renqinggang, 17 km from this border checkpost, to attend a function organised by Tibetan traders.
India and China on July 6 re-opened trade across the 15,000-foot-high Nathu La pass as part of a broader rapprochement. The move marked the first direct trade link between the neighbours since the border conflict in 1962.
“According to estimates, trade between India and China was about Rs 10.2 crore,” Sikkim industry and commerce secretary CL Denzongpa said. During the period, Indian traders sold goods worth about Rs 550,000 and the Chinese did business of about Rs 650,000.
Source: Industry Website
“Trade between the two countries have closed for this year and would resume from June 1 until September 30 next year,” Sikkim’s director of industry and commerce Saman Prasad Subba said.
As part of the formal closing of trade, at least 60 Sikkimese traders on Thursday crossed over to the Chinese mart at Renqinggang, 17 km from this border checkpost, to attend a function organised by Tibetan traders.
India and China on July 6 re-opened trade across the 15,000-foot-high Nathu La pass as part of a broader rapprochement. The move marked the first direct trade link between the neighbours since the border conflict in 1962.
“According to estimates, trade between India and China was about Rs 10.2 crore,” Sikkim industry and commerce secretary CL Denzongpa said. During the period, Indian traders sold goods worth about Rs 550,000 and the Chinese did business of about Rs 650,000.
Source: Industry Website
