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Business in Bhutan, Thimphu
![Syllabus of the Subject](img/Syllabus-Subject.png)
Bhutanese Economy. Gross National Happiness. Foreign trade of Bhutan
- Introduction to the Kingdom of Bhutan
- Bhutanese economy
- Bhutanese industry
- Case Study: Gross National Happiness Index
- Business in Thimphu
- Foreign Trade of Bhutan
- Case Study: Tashi Group
- Access to the Bhutanese market
- Business Plan for Bhutan
![Gross National Happiness (Bhutan)](img/Gross-National-Happiness.png)
The purposes of the subject “Foreign Trade and Business in Bhutan”
are the following:
- To analyze the Bhutanese Economy and Global Trade
- To identify business opportunities in Bhutan
- To explore the Bhutanese trade relations with the student's country
- To know the Bhutanese Trade Agreements
- To examine the profile of Bhutanese companies
- To develop a business plan for the Bhutanese market
![Asia Masters, Doctorate (Global Business, Foreign Trade)](img/E-learning-Course-Master-Doctorate-Asia.png)
International Trade and Business in Bhutan
Bhutan has one of the highest per capita incomes in South Asia (1,321
dollars).
![Asian Economic Institutions](insta/CourseAsianInstitutions.png)
- Asia-Middle East Dialogue
- Asian Development Bank
- ESCAP
- Colombo Plan
- Asia Cooperation Dialogue
- Africa-Asia Strategic Partnership
![Globalization and International Organizations](insta/CourseGlobalization.png)
- UN
- WB
- WTO
- IMF
- Bhutan is eligible for the European Investment Bank
- WCO
![Trade Facilitation Programs. TFA Agreement](insta/Trade-Facilitation.png)
Trade Facilitation Programs.
- WTO (in process of accession)
- WCO
- Kyoto Convention
The Kingdom of Bhutan.
- Population of Bhutan: 768,198 people
- Bhutan is one of the smallest countries (38,394 km²)
- Bhutan is a landlocked country
- Bhutanese Frontiers: China (Tibet) and Bharat (India) (Sikkim, West Bengal, Assam, and Arunachal Pradesh)
- Official language of Bhutan: Dzongkha
- Main Bhutanese ethnic group: Dzongs
- Type of Government: Unitary Parliamentary constitutional monarchy
- King of Bhutan: Jigme Khesar Namgyel Wangchuck
- The capital of Bhutan is Thimphu (45% of the GNP of the country)
- Bhutanese Internet TLD: bt
Buddhism (Vajrayana) is the main religion in Bhutan
- Hinduism is the second religion (30% of the Bhutanese population)
![Business and Hinduism, Jainism, Sikhism...](insta/HinduismBusiness.png)
Bhutan belongs to the Buddhist and Hindu Economic Area.
Bhutanese Economy.
- The main sectors of the economy of Bhutan are agriculture, cottage industries, and tourism
- The main Bhutanese crops are rice, wheat, maize, apples, and oranges
- Industrial sector of Bhutan (mainly located in Pasakha): cement, steel, breweries (Coca-Cola), and wood based industries
- Bhutanese Mineral resources: coal, slate, dolomite, gypsum, and graphite
- Huge hydroelectricity potential
- GDP per capita of Bhutan: 2,611 USD
- Bhutanese GDP growth: 5.4%
- The Gross National Happiness was created by His Majesty (the third Druk Gyalpo Jigme Dorji Wangchuck)
- Currency of Bhutan: Bhutanese ngultrum (BTN) and Indian Rupee (INR)
![Bhutan Tashi Group](img/Bhutan-Tashi-Group.png)
Foreign Trade and Business in Bhutan
![International Trade and Business in Bhutan](img/Bhutan-Business.png)
![Foreign Trade (Importing, Exporting)](insta/Foreign-Trade.png)
International Trade of Bhutan.
- The largest Bhutanese export markets are India, Bangladesh, the U.S., the Netherlands, Germany, Singapore, and Nepal
- The main imports are oils, parts, motors, wood charcoal, rice, and coke
- The main providers of Bhutan are India, China, Thailand, Singapore, Sweden, Saudi Arabia, and Malaysia
![Bhutan-Bangladesh Free Trade Agreement](img/Bhutan-Bangladesh-FTA.png)
(c) EENI Global Business School (1995-2024)
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