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Bhutan - Latest News/Current Events, Economic Overview & Trade Relations

AEI | Quick Facts about Bhutan

Official Name Kingdom of Bhutan
Capital Thimphu
Location Southern Asia, between China and India
Area total: 47,000 sq km land: 47,000 sq km water: 0 sq km
Climate varies; tropical in southern plains; cool winters and hot summers in central valleys; severe winters and cool summers in Himalayas
Terrain mostly mountainous with some fertile valleys and savanna
Bhutan
Bhutan

Tourism Takes Hit in Bhutan

Tourism in Bhutan, one of the largest industries in the country, is feeling the impact of the global economic crisis.

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Bhutan

Bhutan Budget Increase

The annual budget of Bhutan has been increased by Nu8.385 billion for the fiscal year 2008-2009.

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Bhutan

Bhutan Orange Production and Prices Hit New High

The Bhutan Agricultural Food Regulatory Authority (BAFRA) released its season ending numbers for orange exports and reported new high in production and price.

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Bhutan

Bhutan Lifts Ban on Indian Poultry

Bhutan recently lifted its ban on poultry and egg suppliers from India and West Bengal.

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Bhutan

Bhutan Strives to Promote Private Sector Growth

Various companies, including hydropower, banking and minerals, will join together in Bhutan in the countries new grouping of 14 companies striving to promote growth in the countries private sector.

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Bhutan

Bhutan to recieve Danish Support

On Monday, an agreement was signed between Bhutan's Planning secretary, Karma Tshieem and Henrik Neilson, head of the Danish liaison office, to provide Bhutan with DKK140 million

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Trade Agreements

India and Bhutan Trade Agreement

http://commerce.nic.in/trade/bhutan.pdf

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South Asian Free Trade Area

Introduced at the South Asian Association for Regional Cooperation summit, the South Asian Free Trade Area created a free trading zone that reaches 1.4 billion people.   The SAFTA contains zero customs duty on practically all products. http://www.saarc-sec.org/data/summit12/saftaagreement.pdf

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Trade Organizations

Bay of Bengal Iniative for MultiSectoral Technical and Economic Cooperation (BIMSTEC)

The Bay of Bengal Initiative for MultiSectoral Technical and Economic Cooperation (BIMSTEC) is an international organisation involving a group of countries in South Asia and South East Asia. The member nations of this group are: Bangladesh, India, Myanmar, Sri Lanka, Thailand, Bhutan and Nepal.

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South Asian Association for Regional Cooperation (SAARC)

The South Asian Association for Regional Cooperation (SAARC) is an economic and political organization of eight countries in Southern Asia. It was established on December 8, 1985 by India, Pakistan, Bangladesh, Sri Lanka, Nepal, Maldives and Bhutan. In April 2007, at the Association's 14th summit, Afghanistan became its eighth member.

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