Bhutan invites domestic businessmen for making investments

11 Sep '08

2 min read

The business community of Bangladesh has been invited to make investments in Bhutan for reaping maximum benefits.

At a meeting held recently with the leaders of the Federation of Chambers of Commerce and Industry, (FBCCI) in Dhaka, Mr Phub Tshering, Secretary General of Bhutan FCCI stated, “Businessmen from Bangladesh can enjoy the foreign investment friendly policy of Bhutan.” A delegation headed by him is presently on a visit to Bangladesh for promoting bilateral trade and investment.

Statistics revealed that in the period from July 2007 – March 2008, imports made by Bangladesh from Bhutan amounted to $10.8 million while exports to Bhutan touched a mere $0.78 million.

Chemical and textile industry goods were among the chief products exported by Bhutan to Bangladesh. On the other hand, Bangladeshi exports to the country largely included woven garments and textile goods while leather footwear and textile fabrics are also likely to be imported in the future.

At the meeting Mr Abul Kashem Ahmed, President of FBCCI stated that although Bhutan has been a business partner of Bangladesh for long, trade volume between the two countries has remained small.

Bangladeshi exports to Bhutan have been fluctuating since the last 15 years in the range of $0.02 to $5.10 million, while imports from Bhutan have varied from $2.21 to $12.83 million.

However, it has been noted that there is immense scope for increasing the bilateral business between the two nations if Bhutan evinces interest in buying Bangladeshi products.

Even Mr Dasho Tshering, Bhutanese ambassador in Dhaka shared similar view asserting that trade between the two countries could be enhanced by utilizing the unexplored potential. He therefore invited Bangladeshi businesses to visit Bhutan for availing the umpteen business opportunities.

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