• search

ICTAS to improve trade through Nathu La corridor

Written by: Staff
|

Gangtok, Oct 25 (UNI) With an eye towards the next trading season at Nathula corridor, the local traders involved in the border trade has formed an organisation to address their concerns.

In a recently concluded meeting, the Sikkimese traders, involved in the Nathula trade, decided to float a new association called 'Indo-China Traders Association of Sikkim' or ICTAS.

The Association would improve and manage the trading activities through this trade route, ICTAS president Chimmey Rinzing Bhutia said.

All the traders, who have been trading through this new trade route, were present in the meeting.

During the meeting, the trading activities of the first year was reviewed and the members decided to solve some of the difficulties and inconveniences experienced by them to facilitate smooth trade next year, Mr Bhutia said.

Nathula border trade was closed on September 28 this year after its historic reopening on July 6, 2006.

According to the agreements between the two countries, the border trade would be allowed from June to September in the initial phase.

Nathula border trade would resume on June next year.

In the three months of the first year, the trade has been lukewarm. Raw wool from TAR were imported in significant volumes during the last stage of the trade while food grains, vegetables and oil received favourable response from the Chinese traders.

UNI XC JYN RD KR RN1405

For Daily Alerts

For Breaking News from Oneindia
Get instant news updates throughout the day.

Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more