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Procedure for Liberalization of Trade and Service licenses in Phuentsholing, Gelephu and Samdrupjongkhar towns 1.Title May be called The Procedure for Liberalisation of Trade and Service licenses.

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The India-Bhutan Agreement on Trade, Commerce and Transit – which was first signed in 1972 and revised most recently for the fifth time in 2016 – establishes a free trade regime between the two countries. The Agreement also provides for duty free transit of Bhutanese exports to third countries.

Bhutan's currency is pegged to the Indian rupee, and Indian demand accounts for most of Bhutanese exports. Bhutan trades heavily with India (85% of its total trade), and most of the trade deficit is with India. The majority of Bhutanese imports of necessities, including food, come from India.

Any Bhutanese citizen after attaining 18 years is eligible to engage in commercial or industrial activity after obtaining a business license. Licenses are classified into three categories; (1) trading, (2) service industries and (3) production and manufacturing industries.

Bhutan is the first country to sign PTA with desh. Under the agreement, desh will enjoy duty benefit on export of 100 local products and Bhutan will enjoy duty benefit on its 34 products. From 01 July 2022, Preferential Trade Agreement (PTA) between desh and Bhutan has been implemented.

Trade restrictions are typically undertaken in an effort to protect companies and workers in the home economy from competition by foreign firms. A protectionist policy is one in which a country restricts the importation of goods and services produced in foreign countries.

The purpose of Bhutan Micro Trade Regulation, 2006 is to institute a simple registration system. The policy is envisaged to give an impetus to the growth of trading activities in the country and ensure the creation of self employment.

Imports The top imports of Bhutan are Computers ($149M), Refined Petroleum ($141M), Other Electrical Machinery ($68M), Coke ($48.3M), and Wood Charcoal ($45.2M), importing mostly from India ($1.01B), China ($165M), Indonesia ($67.5M), Thailand ($24.7M), and Singapore ($17M).

The import into Bhutan of goods of the following nature shall be prohibited: a) Narcotics and psychotropic drugs and substances; b) ography and ographic materials; c) Any other goods specifically prohibited by law or regulation, or international conventions and treaties to which Bhutan is a signatory.

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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232