Potential of India China Border Trade

Overall Rating: star ratingstar ratingstar ratingstar ratingstar rating[5/5]Total Votes [ 1 ]  
Rate this page:

Potential of India China Border Trade is the recent development in the bilateral trade relations between India and china, marking the future prospects of trading for both the nations. The India China Border Trade started in 2006, between Tibet, an autonomous region of China, and India through Nathula Pass, which was reopened after a long gestation period of 44 years. It was decided that the Potential of India China Border Trade would facilitate export of 29 commodities from India to china and import of 15 commodities from china to India.

Potential of India China Border Trade : Overview

The interaction between the two nations are to be seen in various levels like the political, military, academic, media, sports, culture, and economic. The Potential of India China Border Trade has been another benchmark in the bilateral relationship. China and India under their joint efforts will formally reopen the Nathula trade markets and the border trade pass under the great Potential of India China Border Trade. This is regarded as the most important yard stick for the Sino-India relationship as well as an important event of China-India Friendship Year.

Background of the Potential of India China Border Trade:

The Potential of India China Border Trade was initiated in the year 2003, with the Chinese and Indian governments signing of the Memory of Understanding on the Expansion of Border Trade. Under this it was agreed upon that the border markets through Nathula Pass would be opened for trading. The delegation from the Indian Ministry of Commerce and Industry visited Tibet, an autonomous region of china to discuss the specifics. The Potential of India China Border Trade would promote the trade cooperation and the development of the bilateral relations between the two nations.

Profits from the Potential of India China Border Trade:

The Nathula border trade markets be beneficial to the border inhabitants in both countries, India and china along with promoting local receptiveness and development. Moreover the Potential of India China Border Trade also enhances to motivate and pioneer a new channel for the upcoming China-India trade relations. It is believed that with the passing of time the Nathula border trade markets will grow and boost the China-India friendship bond, increasing the cooperation and common prosperity. Not only this, in future it will in fact serve the interests of peoples of both the nations and earmarks an important step towards the final solution of the long-standing boundary question.

Background of the Potential of India China Border Trade:

The Potential of India China Border Trade was initiated in the year 2003, with the Chinese and Indian governments signing of the Memory of Understanding on the Expansion of Border Trade. Under this it was agreed upon that the border markets through Nathula Pass would be opened for trading. The delegation from the Indian Ministry of Commerce and Industry visited Tibet, an autonomous region of china to discuss the specifics. The Potential of India China Border Trade would promote the trade cooperation and the development of the bilateral relations between the two nations.

Profits from the Potential of India China Border Trade:

The Nathula border trade markets be beneficial to the border inhabitants in both countries, India and china along with promoting local receptiveness and development. Moreover the Potential of India China Border Trade also enhances to motivate and pioneer a new channel for the upcoming China-India trade relations. It is believed that with the passing of time the Nathula border trade markets will grow and boost the China-India friendship bond, increasing the cooperation and common prosperity. Not only this, in future it will in fact serve the interests of peoples of both the nations and earmarks an important step towards the final solution of the long-standing boundary question.