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Bangladesh, Bhutan sign agreement on transit

Business Desk |
Update: 2023-03-22 20:00:27
Bangladesh, Bhutan sign agreement on transit

Bangladesh and Bhutan today (Mar 22) signed the "Agreement on movement of traffic-in-transit and protocol" at Thimpu, the capital of Bhutan, to ease further bilateral trade between the two countries.

Commerce Minister Tipu Munshi and Bhutanese Minister, Ministry of Industry, Commerce and Employment Lyonpo Karma Dorji signed the agreement on behalf of their respective sides.

Dasho Tashi Wangmo, Secretary, Bhutanese Ministry of Industry, Commerce and Employment and Dasho Karma Tshering, Secretary, Ministry of Energy and Natural Resources and other high officials were present.

Speaking on the occasion, the Commerce Minister said that following the signing of this epoch making agreement, the trade and commerce between the two countries would be simplified further while the trade relations would get a new height. 

"This instrument will strengthen further our diplomatic and economic ties," he added.

Tipu said Bangladesh wants to expand trade and commerce among the neighboring countries through increasing inter-communication and enriching value chain. 

He said under the agreement, Bangladesh is extending Bhutan the facility for using the country's air, railways, river ports, land ports and sea ports since Bhutan is a landlocked country.

He also informed that Bangladesh would enjoy various charges and fees if products are imported and exported to and from Bhutan through Bangladesh. 

BDST: 2000 HRS, MAR 22, 2023

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