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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.


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