Pakistan, India Resume Barter Trade in Mid of Tensions – Research Snipers

Pakistan, India Resume Barter Trade in Mid of Tensions

barter trade

Pakistan and India resumed barter trade at the border crossing Kashmir on Tuesday, as per an Indian official, however the tension between the two countries is still high with a general strike and more fighting between the Indian security forces and Kashmiri fighters.

The hostility between the nuclear-powered nations increased heavily last month, following a suicidal attack in the Pulwama district of Indian managed Kashmir on the 14th of February.

Trade across the border referred to as the Line of Control (LoC) was partly suspended after the repeated mortar and small arms fire at the Uri—a border town where goods are exchanged.

However, on Tuesday the route reopened after firing in the region stopped as informed by Riyaz Ahmed Malik–an official in the Indian controlled part of Kashmir.

Also Read: Pakistan Can Hit Back Harder; Says India Punjab CM

He informed that 35 trucks left for Chakothi on the Pakistani side of the border with the same number moving in opposite direction.

Barter trade is one in which no money is exchanged. This trade is heavily dependent on the factor of trust, as told by the President of a local trading association in Indian administered Kashmir. He also said that they neither meet the traders of Pakistan nor could check the quality of the imported goods until the goods reach them.

A trader in Srinagar—Ashfaq Ahmed said that he quoted the rates to his Pakistani counterpart on WhatsApp.

He said that he sent cumin and chilli seeds to Pakistan in exchange of prayer mats and cloth. He added if there is any difference then that is adjusted in the next consignment. He said that it is all trust-based trade, but it is working well.

Pakistani traders send prayer mats, cloth, mangoes, carpet, oranges and herbs in exchange of cumin, cardamom, grapes, chili pepper, bananas, pomegranate, and almonds.

More Read: PM Khan Discusses “Vertical Cities” Vision