Historic Silk Path to Tibet reopens: India China commerce by Shipki La resumes after six years

Should Watch: India-China Border Commerce Resumes | Nathu La, Lipulekh & Shipki La Passes Reopen

Himachal Pradesh Income and Horticulture Minister Jagat Singh Negi flagged off 16 merchants after presenting them with conventional Khataks (ceremonial scarves) earlier than they departed with their horses in the direction of Shipki village in Tibet.

BARTER TRADE RETURNS

Negi stated the change of products would happen by the barter system, with merchants required to return inside 72 hours after finishing commerce within the Tibetan area.

He additionally inaugurated the Chhuppan Commerce Mart, a contemporary commerce facility constructed at a price of ₹1.70 crore within the Shipki La space below Namgya Gram Panchayat in Kinnaur district to facilitate border commerce.

The minister urged merchants to strictly comply with the import-export laws prescribed by the Union Ministry of Commerce to make sure transparency and compliance.

LIST OF GOODS MAY BE EXPANDED

Based on preliminary data, merchants shall be allowed to hold 72 classes of products from the Indian aspect, whereas 30 classes of products might be introduced from the Tibetan aspect.

Responding to a requirement from the Merchants’ Affiliation to widen the checklist of import and export gadgets, Negi stated the proposal could be positioned earlier than Chief Minister Sukhvinder Singh Sukhu and subsequently taken up with the Chinese language authorities by the Ministry of Exterior Affairs after following due process.

Negi stated reopening the Shipki La commerce route would offer contemporary momentum to the financial system of border areas by creating employment and self-employment alternatives for native youth whereas boosting business exercise within the area.