Foreign trade policies and WTO accession in Bhutan
Author(s): Anil Kumar Biswas
Abstract: This paper explores various dimensions of trade liberalization policies and potential impact of WTO accession in Bhutan. Foreign trade policies of Bhutan are undergoing significant changes concerning trading partners and import trade. Bhutan’s import from Chinese Republic is recently rising although India remains still the major trading partner. Bhutan successfully devised various policies for diversifying export base of non-hydroelectric products. Potential impact of forthcoming WTO accession would be diversification of exports and declining dependence on India. But it would likely to impede keeping balance between economic development and socio-cultural-environmental resilience which is uniquely maintained in Bhutan.
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