The Border Haats will promote the well-being of the people dwelling in remote areas across the borders of the two countries, by establishing traditional system of marketing the local produce through local markets in local currency or barter basis.

The 'ex-post-facto approval' for the MoU was given by the Cabinet chaired by Prime Minister Narendra Modi. The approval was given for MoU and Mode of Operation of Border Haats, signed on 23rd October, 2010 with Bangladesh for setting up Border Haats on India-Bangladesh Border.

"To establish new border haats after identification of suitable locations in consultation with government of Bangladesh and concerned state governments," an official statement said. The approval was also given to modify/revise the terms and condition of the above MoU/addendum in consultation with relevant state governments/central government agencies and Government of Bangladesh.

During a visit of Bangladeshi Prime Minister Sheikh Hasina to India in January 2010, it was agreed that border haats shall be established on a pilot basis at selected areas, including on the Meghalaya border, to allow trade in specified products and in accordance with the regulations agreed and notified by both the governments.

In order to implement the same, an MoU and the Mode of operation of Border Haats across the border between Bangladesh and lndia was signed on 23rd October 2010.

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