India and Bangladesh have signed agreements on setting up of border haats between Meghalaya and the neighbouring country.The Mou was signed between the visiting Commerce Minister of Bangladesh Faruk Khan and Union Minister for Commerce and Industry Anand Sharma in New Delhi today. The trading will be held once a week in both the sides and an individual will not be able to trade above $50 at the border haats.New Delhi has agreed not to impose local tax on trading at the border. The trading would be conducted in local currencies of the two nations.Farm and home-made items, produced within 10 km radius of border haats, would be traded at the markets to be set up within five km of the international border.The commodities to be traded in these haats include locally produced agriculture and horticulture products, spices, and minor forest products excluding timber, fresh and dry fish, dairy, fishery and poultry products, cottage industries items, wooden furniture and cane goods, handloom and handicraft items.