
The India-China bilateral trade is expected to exceed $20 billion in 2006, the reopening of Nathula Pass on July 6, 2006 linking Sikkim with Tibet and neighbouring areas of China marks a new chapter.This route was used to trade silk between two countries was halted following the Indo-China war in 1962 and after 44 years it has opened again.
This will become the third trade point between the two counties the other two being
- Gunji in Uttranchal
- Namgaya Shipkila in Himachal Pradesh
The agreement to open the pass was signed when former Prime Minister Mr. Atal Bihari Vajpayee visited china in 2003. A total of 29 items can be exported and 15 items can be imported.
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