Business in Bhutan, Thimphu

1. Introduction to the Kingdom of Bhutan
2. Bhutanese economy
   1. Bhutanese industry
   2. Case Study: Gross National Happiness Index
3. Business in Thimphu
4. Foreign Trade of Bhutan
5. Case Study: Tashi Group
6. Access to the Bhutanese market
7. Business Plan for Bhutan

The purposes of the subject “Foreign Trade and Business in Bhutan” are the following:

1. To analyze the Bhutanese Economy and Global Trade
2. To know the trade opportunities in Bhutan
3. To explore the Bhutanese trade relations with the country of the student
4. To know the Bhutanese Trade Agreements
5. To examine the profile of Bhutanese companies
6. To develop a business plan for the Bhutanese market

The Subject “Foreign Trade and Business in Bhutan” belongs to the following Online Programs taught by EENI Global Business School:

Course: Hinduism and Business.

Masters: International Business, Foreign Trade.

Doctorate: World Trade.

Masters adapted to Bhutanese Students.

Languages: ( Bhoutan Bután)

1. Credits of the subject “Doing Business in Bhutan”: 1
2. Duration: one week

Bhutanese Trade Agreements and Preferential Access.

1. Bhutan and the Buddhist Economic Area / Hindu Economic Area
2. India-Bhutan Agreement
3. Agreement on Trade, Commerce and Transit with India
4. Bangladesh-Bhutan Agreement
5. Asian Clearing Union (ACU)
6. South Asian Association for Regional Cooperation
   1. South Asian Free-Trade Area (SAFTA)
7. Bay of Bengal Initiative
8. Generalized System of Preferences (EU)
9. South Asia Economic Cooperation (SASEC)

1. Asia-Middle East Dialogue
2. Asian Development Bank
3. ESCAP
4. Colombo Plan
5. Asia Cooperation Dialogue
6. Africa-Asia Strategic Partnership

1. UN
2. WB
3. WTO
4. IMF
5. Bhutan is eligible for the European Investment Bank
6. WCO

Trade Facilitation Programs.

1. WTO (in process of accession)
2. WCO
   1. Kyoto Convention

The Kingdom of Bhutan.

1. Population of Bhutan: 768,198 people
2. Bhutan is one of the smallest countries (38,394 km²)
3. Bhutan is a landlocked country
4. Bhutanese Frontiers: China (Tibet) and Bharat (India) (Sikkim, West Bengal, Assam, and Arunachal Pradesh)
5. Official language of Bhutan: Dzongkha
6. Main Bhutanese ethnic group: Dzongs
7. Type of Government: Unitary Parliamentary constitutional monarchy
8. King of Bhutan: Jigme Khesar Namgyel Wangchuck
9. The capital of Bhutan is Thimphu (45% of the GNP of the country)
10. Bhutanese Internet TLD: bt

Buddhism (Vajrayana) is the main religion in Bhutan

1. Hinduism is the second religion (30% of the Bhutanese population)

Bhutan belongs to the Buddhist and Hindu Economic Area.

Bhutanese Economy.

1. The main sectors of the economy of Bhutan are agriculture, cottage industries, and tourism
2. The main Bhutanese crops are rice, wheat, maize, apples, and oranges
3. Industrial sector of Bhutan (mainly located in Pasakha): cement, steel, breweries (Coca-Cola), and wood based industries
4. Bhutanese Mineral resources: coal, slate, dolomite, gypsum, and graphite
5. Huge hydroelectricity potential
6. GDP per capita of Bhutan: 2,611 USD
7. Bhutanese GDP growth: 5.4%
8. The Gross National Happiness was created by His Majesty (the third Druk Gyalpo Jigme Dorji Wangchuck)
9. Currency of Bhutan: Bhutanese ngultrum (BTN) and Indian Rupee (INR)

Foreign Trade and Business in Bhutan

International Trade of Bhutan.

1. The largest Bhutanese export markets are India, Bangladesh, the U.S., the Netherlands, Germany, Singapore, and Nepal
2. The main imports are oils, parts, motors, wood charcoal, rice, and coke
3. The main providers of Bhutan are India, China, Thailand, Singapore, Sweden, Saudi Arabia, and Malaysia

(c) EENI Global Business School (1995-2024)
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