Bhutan and Nepal Prepare to Sign the Bilateral Trade Agreement

20 June 2022

The Governments of Bhutan and Nepal are expediting the process to sign the bilateral trade agreement. At the fourth bilateral trade talks held on 20 June 2022 via video conference, the meeting finalized the Bilateral Trade Agreement and its Protocol and the draft text on the Rules of Origin. The press release from the Department of Trade of the Government of Bhutan noted that the two countries hope to sign the agreement in three months. The trade agreement aims to promote and strengthen trade and commerce.

Bhutan and Nepal agreed to revise the list of goods for concessions. The updates will be shared by both countries. Both sides committed to expedite the process and aim toward signing the trade agreement within the next three months.

In the region, Bhutan has a trade agreement with India. It recently signed a trade agreement with Bangladesh in December 2021. Nepal has signed bilateral trade agreements and treaties with India, Bangladesh, and Sri Lanka. Nepal also has a bilateral preferential treatment arrangement with India.

Bhutan exports to Nepal include gypsum, coal, heavy equipment, boring machinery, juice and industrial equipment. Nepal is Bhutan’s top 4 export destination. Nepal exports to Bhutan include iron rods and alloy of aluminum, transformers, snacks, soap, furniture, woolen carpet, farm products, jute bags and cooking appliances. Bhutan ranks 20th among Nepal’s export destinations.

Mr. Sonam Tenzin, Director General, Department of Trade of the Government of Bhutan, and Mr. Narayan Prasad Regmi, Joint Secretary, Ministry of Industry, Commerce and Supplies of the Government of Nepal, led the delegations.


Related links:

News Release

Bhutan and Nepal to sign bilateral trade agreement

Nepal and Bhutan hold virtual trade talks

Research on the impact of cross-border energy trade in Bhutan noted that the country’s electricity exports in 2020...

Read More

The Governments of Bangladesh and India are preparing to conduct comprehensive trial runs for the transshipment of cargo...

Read More

The potential of the Siliguri corridor and its surroundings to be developed as a logistics hub for India’s...

Read More

Bhutan’s Minister for Economic Affairs Loknath Sharma was in New Delhi, India, on 18–21 July 2022. He met...

Read More

The three industrial corridors of Andhra Pradesh, the Chennai - Bengaluru Industrial Corridor (CBIC), Visakhapatnam - Chennai Industrial...

Read More

The Governments of Bhutan and Nepal are expediting the process to sign the bilateral trade agreement. At the...

Read More

Nepal now sells a total of 364 megawatts (MW) of electricity to India through the...

Read More