Doing Business in Bhutan

Syllabus of the Subject: Doing Business in Bhutan - Thimphu.

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

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

1. To analyse the Bhutanese economy and foreign trade
2. To evaluate the business opportunities in Bhutan
3. To explore Bhutanese trade relations with the country of the student
4. To knowBhutanese Trade Agreements
5. To examine the profile of the Bhutanese companies
6. To develop a business plan for the Bhutanese market

Sample of the subject “Foreign Trade and Doing Business in Bhutan”

Description of the Subject (Online Learning): Doing Business in Bhutan:

Bhutan has one of the highest per capita incomes in South Asia (1,321 dollars).

The Kingdom of Bhutan.

1. Population of Bhutan: 768,198 people
2. Bhutan is one of the smallest countries (38,394 square kilometres)
3. Landlocked country
4. Frontiers: China (Tibet) and 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: Jigme Khesar Namgyel Wangchuck
9. The capital of Bhutan is Thimphu (45% of the country's GNP)
10. Internet TLD: bt

Buddhism (Vajrayana) is the main religion of Bhutan

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

Bhutan belongs to the Buddhist Civilisation and the Economic Area of the Hindu Civilisation

Bhutanese Economy.

1. Main sectors of the economy of Bhutan are agriculture, cottage industries, and tourism
2. 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 potential of hydroelectricity
6. GDP per capita: 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: Bhutanese ngultrum (BTN) and Indian Rupee (INR)

Foreign Trade of Bhutan.

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

Bhutan Free Trade Agreements (FTA).

1. Agreement on Trade, Commerce and Transit with India
2. FTA with Bangladesh
3. Asian Clearing Union (ACU)
4. South Asian Association for Regional Cooperation (SAARC)
5. South Asian Free-Trade Area (SAFTA)
6. Bay Bengal Initiative (BIMSTEC)
7. Generalised System of Preferences (European Union)
8. South Asia Subregional Economic Cooperation (SASEC)

Bhutan is a member of...

1. Bhutan is eligible for the European Investment Bank
2. Asia-Middle East Dialogue (AMED)
3. Asian Development Bank
4. Boao Forum for Asia
5. World Customs Organisation (WCO)
6. Economic and Social Commission for Asia and the Pacific (ESCAP)
7. Colombo Plan
8. International Monetary Fund (IMF)
9. United Nations (UN)
10. World Trade Organisation (WTO)
11. World Bank (WB)

(c) EENI Business School & HA University