Trade Scenario Between Bangladesh and Bhutan

Trade Scenario Between Bangladesh and Bhutan

A general Trade Agreement between Bangladesh and Bhutan was signed in May 2003 for a 5-year term with provision for renewal beyond that period with its Protocol. After the expiry of this Trade Agreement, a new Agreement, with a 5-year term, was signed on 7 November, 2009 during the visit of the Hon’ble PM of Bangladesh. Bangladesh has started internal process to renew this agreement as per decision taken at the Commerce Secretary level meeting held in Thimphu during 09-10 April 2014 and renewed on 06 December 2014. The  Bangladesh   side  attached  the  importance  on the exchange   of  trade  and investment related  information among  the business  people  and having cooperation· among business community  and especially  on cooperation  among the Chambers  of Commerce  in the two countries. The Bhutanese side 

Bhutanese Highest Business organization was requested  to  field  a  business  delegation  to  Bangladesh  to  explore  the  huge business opportunities. Bhutanese side agreed  to encourage  the private  sector  as well  as the Bhutan  Chamber  of Commerce  &  Industry  to take  the  initiative  of sending  a business delegation  to  Bangladesh,  while  at  the  same  the  Bangladeshi  side  will  also  look  into fielding a business delegation to Bhutan.   The Bhutanese side shared the interest of promoting Bhutan as an investment market and stressed  on  the  need  to  undertake   special  efforts  for  furthering   trade  and  bilateral investment  in  the interest  of the private  sector  of both the countries.  The Bhutanese  side also narrated the initiative being taken to develop the industrial estates along the southern part  of the  country  near  the  huge  Indian  market  and  cited  the  availability   of clean hydropower at competitive rates besides other incentives available

Bangladesh’s export to Bhutan: Fruit juice, breakfast cereal, Garments, Melamine, Pharmaceuticals, Toiletries, kitchenware etc. dominate the export of Bangladesh to Bhutan.   

Bangladesh imports: Fruits, minerals & stones, spices, cereal, prepared animal fodder etc. spices from Bhutan  

Export and Import Statistics Between Bangladesh and Bhutan ( Value in milliom US$)

Top 20 Exported Item in Bhutan for the year 2023-2024:

Total Export Amount: 9,368,012 USD