Monday, February 27, 2017

Agreement on Trade, Commerce and Transit between India and Bhutan

Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi, has approved an Agreement on Trade, Commerce and Transit between India and Bhutan.The Agreement provides for a free trade regime between two country and duty free transit of Bhutanese merchandise for trade with third countries.As per the agreement, bilateral trade between both neighbouring countries will continue to be transacted in Indian Rupees and Bhutanese Ngultrums.


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