Business in Bhutan, Thimphu

1. Introduction to the Kingdom of Bhutan
2. Bhutanese economy
   1. Bhutanese industry
   2. Case Study: Gross National Happiness Index
3. Doing Business in Thimphu
4. Foreign Trade of Bhutan
5. Case Study: Tashi Group
6. Transport and Logistics
7. Access to the Bhutanese market
8. Business Plan for Bhutan

The purposes of the subject “Foreign Trade, Logistics and Business in Bhutan” are:

1. To analyze the Bhutanese Economy, Logistics and Global Trade
2. To conduct research on business opportunities in Bhutan
3. To explore the Bhutanese trade relations with the student's country
4. To learn about Bhutanese Trade Agreements
5. To examine the profile of Bhutanese companies
6. To develop a business plan for the Bhutanese market

The Subject “Foreign Trade, Logistics and Business in Bhutan” is included within the curriculum of the following academic programs at EENI Global Business School:

Course: Hinduism and Business.

Masters: International Business, Foreign Trade.

Doctorate: World Trade.

Masters adapted to Bhutanese Students.

Languages: ( Bhoutan Bután)

1. Subject Credits “Doing Business in Bhutan”: 1

Bhutanese Trade Agreements and Preferential Access.

1. Bhutan and the Buddhist Economic Area / Hindu Economic Area
2. India-Bhutan Agreement
3. Agreement on Trade, Commerce and Transit with India
4. Bangladesh-Bhutan Agreement
5. Asian Clearing Union (ACU)
6. South Asian Association for Regional Cooperation
   1. South Asian Free Trade Area (SAFTA)
7. Bay of Bengal Initiative
8. Generalized System of Preferences (EU)
9. South Asia Economic Cooperation (SASEC)

1. Asia-Middle East Dialogue
2. Asian Development Bank
3. Economic Commission for Asia (ESCAP)
4. Colombo Plan
5. Asia Cooperation Dialogue
6. Africa-Asia Partnership

1. United Nations
2. World Bank
3. World Trade Organization (WTO)
4. International Monetary Fund
5. Bhutan is eligible for the European Investment Bank
6. World Customs Organization (WCO)

Trade Facilitation Programs.

1. WTO (in process of accession)
2. World Customs Organization (WCO)
   1. Kyoto Convention (Containers)

The Kingdom of Bhutan.

1. Population of Bhutan: 768,198 people
2. Bhutan is one of the smallest countries (38,394 km²)
3. Bhutan is a landlocked country
4. Bhutanese Frontiers: China (Tibet) and Bharat (India) (Sikkim, West Bengal, Assam, and Arunachal Pradesh)
5. Official language of Bhutan: Dzongkha
6. Main Bhutanese ethnic group: Dzongs
7. Type of Government: Unitary Parliamentary constitutional monarchy
8. King of Bhutan: Jigme Khesar Namgyel Wangchuck
9. The capital of Bhutan is Thimphu (45% of the GNP of the country)
10. Bhutanese Internet TLD: bt

Buddhism (Vajrayana) is the main religion in Bhutan

1. Hinduism is the second religion (30% of the Bhutanese population)

Religions and Global Business - Religious diversity

Bhutan belongs to Buddhist and Hindu Economic Area.

Bhutanese Economy.

1. Main sectors of the economy of Bhutan are agriculture, cottage industries, and tourism
2. Main Bhutanese crops are rice, wheat, maize, apples, and oranges
3. Industrial sector of Bhutan (mainly located in Pasakha): cement, steel, breweries (Coca-Cola), and wood based industries
4. Currency of Bhutan: Bhutanese ngultrum (BTN) and Indian Rupee (INR)

Foreign Trade and Business in Bhutan

International Trade of Bhutan.

1. The largest Bhutanese export markets are India, Bangladesh, the United States, the Netherlands, Germany, Singapore, and Nepal
2. Main imports are oils, parts, motors, wood charcoal, rice, and coke
3. Main providers of Bhutan are India, China, Thailand, Singapore, Sweden, Saudi Arabia, and Malaysia