The country still enjoys trade surplus with Bangladesh
As Dhaka signed a preferential trade agreement (PTA) with Thimphu last year, and the Covid-19 pandemic has improved in recent times, Bhutan now sees a 25% jump in bilateral trade with Bangladesh next year.
Kencho Thinley, the commercial counsellor of the Bhutanese Embassy in Dhaka, expressed this view while talking to Dhaka Tribune on Sunday.
“With the PTA signed last year, and the improving pandemic situation, we are expecting a 25% jump in bilateral trade with Bangladesh in 2022,“ the official said.
Bangladesh has listed 18 products and 16 more products to be brought under the PTA soon, while Bhutan listed 90 products in the list and 10 more in the pipeline.
Bhutan enjoys trade surplus with Bangladesh. In 2019, it exported goods valued at $81.27 million to Bangladesh, while Bangladesh exported goods valued at $8.33 million to Bhutan.
However, the Covid-19 pandemic hit bilateral trade in 2020, which resulted in a nearly 35% drop.
Bhutan exported $52.73 million to Bangladesh, while the latter exported goods worth $5.87 million.