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Bhutan Woos Investors from Bangladesh

Posted: September 2, 2008 at 3:42 am   /   by   /   comments (1)

A team of Bhutanese delegates from the chamber of commerce is in Dhaka to encourage foreign investment in Bhutan.Bangladesh and bhutan has been engaged in commerce for centuries but the volume has so far been conservative. Bhutan’s main exports to Bangladesh are Vinegar, Vegetables, tobacco,wool and some processed foods while Importing Garments, pharmaceuticals,and electronic equipment from them. The delegation aims to diversify imports from bangladesh and invited investors to visit Bhutan to do field work for possible investments. Bhutan has always stressed the need for development of industries while conserving its extensive virgin forests and preserving complex ecosystems in the ranges and depths of this mountainous kingdom.
Bhutan and Bangladesh both members of SAARC are expected to take advantage of the various trade agreements that are being set up in the SAARC. These trade agreements encourage cross border investment and reduce barriers to trade within the block.This visit from the 16 member delegation could also possibly open talks on Bhutan using the Mongla Port in Bangladesh which is closer and less congested than the Indian Port of Kolkata. Bhutan being a landlocked country needs access to vital sea ports via their neighbors.

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