Business Standard
Thursday, Feb 16, 2012
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||||Economy & Policy||||| 
 Section Home | News Now | Today's Paper | Features & Analysis | Politics & Public Affairs | Q&A | Columnists | BS Says
Home > Economy & Policy Live Markets | Commodities
 

India-Tibet barter trade awaits nod from China
Shishir Prashant / New Delhi/ Dehra Dun May 04, 2009, 00:27 IST

With just a month to go, clouds of uncertainty are looming on the annual India-Tibet barter trade at Taklakot mart in the Himalayan region.

Last year, the trade could not take place, for the first time since 1992, due to protests in Tibet in the wake of Beijing Olympics.

 Click here for Cloud Computing
 
And this year, China has not given permission so far heightening the suspense over the resumption of the trade from Taklakot mart in Tibet. This is despite a series of letters being sent by the external affairs ministry to Beijing in this regard. “There is no reply from Beijing. This could be due to recession and simmering protests in Tibet,” said an official here.

The trade is scheduled to begin in the first week of June.

The other main issue is the landslides at a big stretch of a track in the border district of Pithoragarh leading to Taklakot.

Due to poor infrastructure facilities, traders trek 60 km from Pithoragarh crossing inhospitable terrains to reach Taklakot, the trade mart in Tibet where the two sides indulge in barter trade.

The volume of the barter trade, which did a business of Rs 1.5 crore two years ago, is seeing a steady decline. Indian traders have called for resuming trade this season as well as revoking a ban on the import of some trade items like Chinese raw silk and livestock, which are in good demand in India.

The demand for the Chinese silk has been growing in India but the Centre thinks its import would affect the local trade. The import of livestock has been banned since no quarantine facility is available at Gunji, the Indian market at Pithoragarh.

Through the barter trade with their Chinese and Tibetan counterparts, Indian traders exchange goods like jaggery, wool, spices and blankets.

The Indo-Tibet barter trade, which was resumed in 1992 after a gap of 30 years following the 1962 war, reached the Rs 14-crore mark in the year 2004.

But after the ban on certain items like livestock and Chinese silk, the volume of trade is gradually falling.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets end lower on profit booking
- Need to redefine exploration strategies: Mines Minister
- RBI board meets to provide directions to the bank's affairs
- FinMin asks PSU banks not to overstate profit
- Allow all players in upcoming 2G auction: Vodafone
  Read Business news in 
- Now property search gets more exciting than ever before!
- High Growth Business Opportunities in Africa - Register to explore
- Medium-sized businesses are the engines of a smarter planet.
- We live for our family. have you secured them?
- Office 365 for professionals and small businesses.
- Earn fuel worth Rs.2400 with Citi
- India's No. 1 Property Site. Click here to know more..
- Diseases earlier, Saving Costs, Extending Lives. Know More..
- Get 5% cashback on telephone bills with Citi
- Enjoy the journey as much as the destination. click to know more..
- Exim Bank Conclave on India - Africa Project Partnership. Know more..
- Be part of it The World's Largest Aircraft.
- Creating Wealth made simple the SIP way. Know more..
- Only Developer to give a guarantee on time space & rate.
- Buy Your Property with Our Triple Guarantee in India.
- Improve Patient Care & Experience. Click here to know more
- Win a Business Class Ticket to Europe..Know more..
-  Introduce a New Automotive Luxury Car.. know more
- Health is Wealth..... Insurance + Savings... Know More...
Sorry, comments to this story are closed
Latest Messages
SmartInvestor+ E-zine
  Pay Rs.747/- for 3 years and
  get a branded watch FREE

  Subscribe Now
Most Popular
Read
E-Mailed
Commented
   
- Leela parts ways with Kempinski
- Kanika Datta: The importance of being SRK
- Nestle: Food for thought
- Tailor-made but not good enough
- Star-studded jury honours corporate excellence
 
 More  
New Ipad Application
 Business Standard's all new IPad  App
 Click here to download for free
  BS Specials  
    Full coverage of elections in Uttar Pradesh, Punjab, Uttarakhand, Manipur and Goa
  Hot Searches  
 
IRFC bond |  Antrix-Devas |  Rafale fighter |  Junglee |  IPL 5 |  Dhanlaxmi Bank |  Thomas Cook |  TCS |  Sarfaesi Act |  Vodafone |  Aakash tablet |  Sodexo |  Rupee |  Samsung Galaxy Note |  Kingfisher Airlines |  Silver |  Provident Fund |  income tax refund |  Anna Hazare |  iPhone |  Reliance Industries |  SEBI |  BSNL |  BSE |  NSE |  Mukesh Ambani |  Anil Ambani |  Infosys |  Pranab Mukherjee |  Sonia Gandhi |  Rahul Gandhi |  New Pension Scheme |  Reliance |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  B-School |  Sensex |  Tax calculator |  Home Loan |  Personal Finance |  inflation |  oil prices |  Barack Obama |   
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
FOR HOT PRODUCTS
BS Bazaar.com
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us