JAMMU: Jammu and Kashmir government Friday said goods worth Rs 1,039.32 crore have been traded along the two LoC crossing points in the state in about four years up to February 2013.
The value of goods traded along two LoC trade points between Chakan-Da-Bagh and Salamabad from Pakistan administered Kashmir is to the tune of Rs 1,039.32 crore with effect from October 21, 2008 to February 28, 2013, state Industries and Commerce minister Sajjad Ahmed Kitchloo told the Assembly today.
He said that cross-LoC trade is a part of confidence building measures to strengthen the relations across LoC, adding it was one of the working group committee recommendations to ameliorate alienation from the minds of people of Jammu and Kashmir.
Traders of Jammu and Kashmir are being benefitted by cross-LoC trade as no import and export duty is levied on the items traded, he said.
Kitchloo further said that no item of third country origin is allowed to be traded through cross-LOC trade as per the guidelines of standard operating procedure. —PTI