Apperal & GarmentsGlobalNewsPlasticsPoliciesSectors

India-Bhutan Signs New Free Trade Agreement

Sharing is caring!

The Union Cabinet has approved a new free trade agreement between India and Bhutan, which also provides for duty-free transit of Bhutanese merchandise for export to third countries.

NEW DELHI: “Trade relations between India and Bhutan are governed by an Agreement on Trade, Commerce and Transit,” a Commerce Ministry statement said here.

“The agreement provides for free trade regime between the two countries. The agreement also provides for duty-free transit of Bhutanese merchandise for trade with third countries,” it said.

The agreement was renewed in July 2006 for a period of 10 years.

The validity of the agreement was extended with effect from July 29, 2016, for a period of one year or till the new agreement comes into force through the exchange of diplomatic notes, the statement added.

SMEStreet Desk

SMEStreet is fast growing platform dedicated to entrepreneurs from small and medium sized businesses (SMEs). Committed to facilitate Knowledge & Networking for Business Growth, SMEStreet offers value added content which shows the actual voice of Indian MSMEs.

Related Articles

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button
%d bloggers like this: