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Prime Minister Narendra Modi on Tuesday held talks with Bhutanese King Jigme Khesar Namgyel Wangchuck focusing on ways to bolster bilateral engagement in a range of areas including economic cooperation. The King began his two-day visit to India on Monday amid some concerns in New Delhi over China's attempts to expand influence over Thimphu. Certain remarks by Bhutan Prime Minister Lotay Tshering on the Doklam tri-junction were seen by many as the Himalayan nation cosying up to Beijing though Bhutan maintained that there is no change in its stance on the border dispute. It is learnt that the talks between PM Modi and King Wangchuck were focused on ways to expand bilateral ties. The Bhutanese King was received at the Delhi airport by External Affairs Minister S Jaishankar, in a special gesture reflecting the importance New Delhi has attached to the visit. On Monday evening, Jaishankar called on the visiting dignitary and said the King's vision for Bhutan's future and for strengtheni
The visit of Bhutan King Jigme Khesar Namgyel to India from April 3- 5 will further strengthen the close bilateral partnership, including economic and development cooperation between the two nations.India has consistently been Bhutan's top trading partner and remains the leading source of investments in Bhutan. In November 2021, the Indian government formalised the opening of seven new trade routes for Bhutan's bilateral and transit trade with India, new market access was provided for allowing the formal export of 12 agri-products from Bhutan to India, and various special exceptions/ quotas for export are also provided.India has been extending economic assistance to Bhutan's socio-economic development since the early 1960s when Bhutan launched its Five Year Plans.For the 12th Five Year Plan, India assisted Bhutan with Rs 4500 crore for various multi-sectoral project-tied assistance, small development projects, Direct Budgetary Support, etc.India and Bhutan enjoy unique ties of ...
India and Bhutan will have seven additional entry and exit points for trade as part of measures to increase trade connectivity, the government said on Wednesday. The decision was taken at a commerce secretary-level meeting held between India and Bhutan on trade and transit issues here. The Indian delegation was led by BVR Subrahmanyam, Secretary, Department of Commerce, Ministry of Commerce and Industry and the Bhutanese delegation was led by Dasho Karma Tshering, Secretary, Ministry of Economic Affairs, Royal Government of Bhutan. "The two sides held extensive discussions on the current trade and transit issues, including measures to further strengthen bilateral trade relations and issues of mutual interest, on ways to increase trade connectivity between the two countries," an official statement said. Through Letters of Exchange, seven additional entry/exit points for trade between India and Bhutan were formalised, it added. These include Nagarkata Land Customs Station without ..
India and Bhutan have opened a new market access for select farm commodities between the two countries, according to the Union Agriculture Ministry. India can now export tomato, onion and okra to Bhutan, which in turn will get the market access for its apple, potato, mandarin, ginger and arecanut here, it said. "Significant achievement has been registered in bilateral trade relations between India and Bhutan," the ministry said in a statement. The opening of market access between the two countries has been notified, it added.