News Content
Checkpoint opened along Shipkila Pass to boost Indo-China trade
THE opening of a 'single window" at the zero point along the Shipkila Pass to facilitate the checking of goods at one site by multiple agencies is expected to give lift India-China trade along the pass this year.
The 'single window" means traders will not have to open up their trade products at multiple points as in the past when the checking was done by various agencies like customs, the Indo Tibetan Border Police (ITBP), local police and other central intelligence agencies, reported Chandigarh Tribune News Service north of Delhi.
A proposal has also been made this year to set up a trade centre at Chuppan on the Indian side, close to the border by putting up fabricated structures for the convenience of the traders.
So far this year a total of 77 traders have applied for a trade permit and the intelligence agencies have already approved 17 applications. "We have issued trade passes to six traders and even though the trade is officially held between June 1 and November 30 every year it normally picks up a little later," said trade officer Tehsildar Pooh Rajesh Verma.
The volume of the Indo-China trade along the Shipkila Pass has picked up gradually over the years but the restriction on livestock trade has proved to be the biggest stumbling block in substantially increasing the volume of imports and exports. Livestock trade has been stopped for the last four years, resulting in a lack of interest among traders from Kinnaur.
"We have requested the Chief Minister to take it up with the Ministry of Commerce to allow livestock trade as there is a lot of demand for the goats and horses imported from the Tibet side of China," said Kinnaur Indo-China Traders Association president Hishey Negi.
He said that currently most of the traders were busy with the apricot season and it is only by end of the next month that traders will start going to China.
In 2015 the value of exports was worth INR50.1 million (US$744,740) while the value of imports was INR40.36 million.
The 'single window" means traders will not have to open up their trade products at multiple points as in the past when the checking was done by various agencies like customs, the Indo Tibetan Border Police (ITBP), local police and other central intelligence agencies, reported Chandigarh Tribune News Service north of Delhi.
A proposal has also been made this year to set up a trade centre at Chuppan on the Indian side, close to the border by putting up fabricated structures for the convenience of the traders.
So far this year a total of 77 traders have applied for a trade permit and the intelligence agencies have already approved 17 applications. "We have issued trade passes to six traders and even though the trade is officially held between June 1 and November 30 every year it normally picks up a little later," said trade officer Tehsildar Pooh Rajesh Verma.
The volume of the Indo-China trade along the Shipkila Pass has picked up gradually over the years but the restriction on livestock trade has proved to be the biggest stumbling block in substantially increasing the volume of imports and exports. Livestock trade has been stopped for the last four years, resulting in a lack of interest among traders from Kinnaur.
"We have requested the Chief Minister to take it up with the Ministry of Commerce to allow livestock trade as there is a lot of demand for the goats and horses imported from the Tibet side of China," said Kinnaur Indo-China Traders Association president Hishey Negi.
He said that currently most of the traders were busy with the apricot season and it is only by end of the next month that traders will start going to China.
In 2015 the value of exports was worth INR50.1 million (US$744,740) while the value of imports was INR40.36 million.
Latest News
- For the first time, tianjin Port realized the whole process of dock operati...
- From January to August, piracy incidents in Asia increased by 38%!The situa...
- Quasi-conference TSA closes as role redundant in mega merger world
- Singapore says TPP, born again as CPTPP, is now headed for adoption
- Antwerp posts 5th record year with boxes up 4.3pc to 10 million TEU
- Savannah lifts record 4 million TEU in '17 as it deepens port
