Current Affairs - Places - Discussion

The 14th edition of the annual Sino-Indian border trade opens at Nathu La, which is the frontier post at Sino-Indian border in Sikkim. Officials and traders of India and China made their presence at the border to symbolise the beginning of the border trade. Every year, between 1st May to 30th November, the bilateral border trade between 2 nations is held for 4 days a week for 6 months. After a long interval of 44 years, cross border trade commenced on July 6, 2006 to promote the benefits of trade, increase tourism in Sikkim, thus offering employment for people of the region. The goods export from India totalled to Rs 45.03 crore in 2018, whereas goods imported from the TAR totalled to Rs 3.23 crore. In 2019, the export of at least Rs 50 crore is expected by India.