Sino-Indian border trade

Question: Which edition of the annual Sino-Indian border trade opened at Nathu La on May 1, 2019?
(a) 14th
(b) 13th
(c) 12th
(d) 11th
Answer: (a)
Related facts:

  • The 14th edition of the annual Sino-Indian border trade opened on May 1, 2019.
  • Venue of the event was Nathu La in Sikkim.
  • Officials and traders of both the countries were present at the border to mark the commencement of the border trade.

Bilateral border trade:

  • The bilateral border trade between the two countries is organised four days a week for six months, between May 1 and November 30, every year.
  • It was resumed in 2006 after a gap of 44 years.
  • A total of 36 items, from dairy products are on India’s export list comprising dairy products to utensils.
  • While a total of 20 items, including carpets, quilts and jackets among others, are in the country’s import list from the Tibet Autonomous Region.
  • Last year, the export of goods from India stood at Rs. 45.03 crore, while items worth Rs. 3.23 crore were imported from the Tibet Autonomous Region (TAR).

Links:
https://www.business-standard.com/article/pti-stories/14th-edition-of-sino-indian-border-trade-opens-at-nathu-la-119050100666_1.html

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