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Current Affairs – 03-05-2019

In news:

  •  The 14th edition of the annual Sino-Indian border trade opened at Nathu La in Sikkim.

In brief:

  •  The bilateral border trade between the two countries is organized four  days a week for six months, between May 1 and November 30, every
    year.
  •  Sealed by India after the 1962 Sino-Indian War, it was resumed in 2006 after a gap of 44 years.
  •  A total of 36 items, on India’s export list comprising dairy products to utensils, while a total of 20 items, including carpets, quilts and
    jackets among others, are in the country’s import list from the Tibet Autonomous Region (TAR).
  •  Last year, the export of goods from India stood at Rs 45.03 crore, while items worth Rs 3.23 crore were imported from the TAR.

About Nathu La:

  •  The pass, at 4,310 m above mean sea level, forms a part of an offshoot of the ancient Silk Road.
  •  The vegetation graduates from sub-tropical forest at its base, to a temperate region, to a wet and dry alpine climate, and finally to cold tundra desert devoid of vegetation.
  • The three open trading border posts between India and China are-
  • Nathu La in Sikkim
  •  Shipkila in Himachal Pradesh
  •  Lipulekh in Uttarakhand

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