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Bangladesh, Bhutan Vow to Further Strengthen Bilateral Trade
25 April 2024
The 9th Commerce Secretary Level Meeting (CSLM) between Bhutan and Bangladesh was held on 24-25 April 2024, in Thimphu, Bhutan. The meeting reviewed the progress and challenges in trade and economic cooperation since the last CSLM in 2022.
Key Outcomes of the 9th CSLM
- Both countries committed to strengthening bilateral trade and economic cooperation in the face of pandemic-related challenges.
- The meeting discussed various areas of cooperation, including tourism, trade facilitation, investments, customs, standards, sanitary and phytosanitary measures, and agriculture.
- Both sides agreed to review and consider adding more products to their Preferential Trade Agreement to boost overall trade.
In 2023, Bangladesh was Bhutan's third-largest trading partner, with overall bilateral trade reaching Nu. 5.8 billion. Bhutan exported goods worth Nu. 5.02 billion and imported goods worth Nu. 798 million from Bangladesh.
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