Cabinet approves revised MoU with Bangladesh to set up Border Haats
The Union Cabinet has approved Revised Memorandum of Understanding (MoU) and Mode of Operation (MoO) between India and Bangladesh for establishing Border Haats on India-Bangladesh Border.
The revised MoU and MoO will provide a legal framework for establishment and operationalization of additional Border Haats along India-Bangladesh border.
Key Facts
- The Border Haats aim at promoting traditional system of marketing the local produce through local markets across the India-Bangladesh border.
- It will help to improve economic well-being of marginalised sections in remote areas across along the border.
- The Border Haats allows to people living in border areas to trade in specified products in accordance with the regulations agreed and notified by both Governments.
- Currently four Border Haats are operational, two each in Meghalaya and Tripura, along the border. They were established and operationalized under the MoU and MoO signed between Bangladesh and India in 2010. Subsequently, an Addendum to MoO of Border Haats was also signed in May, 2012.
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Month: Current Affairs - March, 2017