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Doing Business in Bhutan


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Syllabus of the Subject: Foreign Trade and 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. Doing 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 Foreign Trade;
  2. To know the business 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.

“Foreign Trade and Business in Bhutan”
International Trade and Business in Bhutan

Asia Online Masters, Doctorate (Global Business, Foreign Trade)

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

Course: Hinduism and Business.

Online Education (Courses, Masters, Doctorate): Trade and Business in India

Masters (MIB): International Business, Foreign Trade.

Masters in International Business and Foreign Trade (MIB) - Online Education

Doctorate (DIB): Asian Business, World Trade.

Professional Doctorate in International Business (DIB). Online Education

Learning materials in Courses, Masters, Doctorate in International Business and Foreign Trade in English (Study, Course Master Doctorate in International Business in French Bhoutan Study Master Doctorate in International Business in Spanish Bután) Masters Foreign Trade in Portuguese

  1. Credits of the subject “Foreign Trade and Business in Bhutan”: 1 ECTS Credits;
  2. Duration: one week.

Why study “Hinduism and Business”?.

Masters and Doctorate in Global Business adapted to the Bhutan, Masters, Doctorate, Courses, International Business, Foreign Trade Bhutanese Students.

Foreign Trade and Business in Bhutan

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

Market Access - Free Trade Agreements (FTA). Online Education (Courses, Masters, Doctorate)

Bhutanese Free Trade Agreements (FTA) and Preferential Access.

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

Bay of Bengal Initiative (BIMSTEC): Bangladesh, India, Myanmar, Sri Lanka, Thailand, Bhutan, and Nepal

Online Education (Courses, Masters, Doctorate): Asian Economic Institutions

Asian Trade and Economic Organizations:

  1. Asia-Middle East Dialogue (AMED);
  2. Asian Development Bank (ADB);
  3. Economic and Social Commission for Asia and the Pacific (ESCAP);
  4. Colombo Plan;
  5. Asia Cooperation Dialogue (ACD);
  6. Africa-Asia Strategic Partnership.

Online Education (Courses, Masters, Doctorate): Globalization and International Organizations

Global Economic Organizations:

  1. United Nations (UN)
    1. Conference on Trade and Development (UNCTAD);
    2. International Trade Centre (INTRACEN);
    3. World Intellectual Property Organization (WIPO).
  2. World Bank (WB);
  3. World Trade Organization (WTO);
  4. International Monetary Fund (IMF);
  5. Bhutan is eligible for the European Investment Bank;
  6. World Customs Organization (WCO).

Trade Facilitation Programs. TFA Agreement. Online Education (Courses, Masters, Doctorate)

Trade Facilitation Programs.

  1. World Trade Organization (WTO) (in process of accession);
  2. World Customs Organization (WCO)
    1. Revised Kyoto Convention (RKC).

Gross National Happiness (Bhutan)

The Kingdom of Bhutan.

  1. Population of Bhutan: 768,198 people;
  2. Bhutan is one of the smallest countries (38,394 square kilometers);
  3. Bhutan is a landlocked country;
  4. Bhutanese 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 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.

Buddhism and Global Business. Online Education (Courses, Masters, Doctorate)

Online Education (Course, Doctorate, Master): Business and Hinduism, Jainism, Sikhism...

Bhutan Tashi Group (Course)

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).

South Asia Subregional Economic Cooperation (SASEC): Bangladesh, Bhutan, India, the Maldives, Nepal, and Sri Lanka

Foreign Trade (Importing, Exporting) Online Education (Courses, Masters, Doctorate)

Foreign Trade of Bhutan.

  1. The largest Bhutanese export markets are India, Bangladesh, the United States, 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.

Bhutan-Bangladesh Free Trade Agreement



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