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Shipki La barter trade resumes; raw pashm priced out

Shipki La barter trade resumes; raw pashm priced out
6 years on, Shipki La trade resumes: Everything sells, but pashm is priced out · indianexpress.com

A very old road between India and China that was closed for six years has just opened again.

The road, called Shipki La, goes through the mountains between India and a region called Tibet.

When it closed in 2019, the two sides could not trade like they used to.

Now, 16 traders made the first trip across the pass.

They traded things like rice, spices, flour and tools for carpets, shoes, watches and sweets, which is called bartering because they swapped goods instead of using money.

But there was one special thing they could not get: pashm, the soft wool used to make expensive Pashmina shawls.

Pashm has become too expensive, costing about three times more than it did before the route closed.

The traders are also not allowed to pay with cash or phones, only with goods, and one Chinese yuan is now worth about 15 rupees, making things costlier.

The traders hope they can bring back pashm on later trips, and the trading season lasts until the end of November.

Key facts

Trade route
Shipki La pass between Kinnaur (India) and Ship Ki village, Tibet Autonomous Region
First batch
16 traders from Kinnaur and Lahaul-Spiti
Trade system
Barter only, per the 1697 Bushahr-Tibet arrangement known as 'Gamgya'
Raw pashm price
Rs 12,000-15,000 per kg before closure; Rs 30,000-35,000 per kg now
Per-trader goods limit
Rs 1 lakh
Exchange rate
1 Chinese Yuan worth around Rs 15
Suspension period
Closed since 2019 (Covid-19 pandemic); reopened this month
Trading season
Until November 30

Quotes

Pasang Cheering

Trader from Dubling village, Kinnaur district, India

“The first batch has returned safely, but unfortunately we could not bring raw Pashm, which is the most sought‑after commodity in this trade. It has become too expensive for our traders to procure through the barter system.”
indianexpress.com
“We sold almost all the products we had carried… In return, we brought carpets, shoes, watches, sweets and Chinese crockery but not pashm wool.”
indianexpress.com

Sources

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