The EU – Bhutan Trade Support project is funded by the European Union (EU). The project started in May 2018 with a budget of EUR 4 million. The project is implemented by the International Trade Centre (ITC) in collaboration with the Royal Government of Bhutan (RGoB).
Overall objective:Contribute to Bhutan’s economic growth and poverty reduction
Specific objective:Increased exports and export diversification, possibly contributing to the implementation of the “Brand Bhutan” Initiative
Expected Result 1: Enhanced capacities in the formulation and implementation of trade and investment policies and regulationsFor exports to diversify, trade and investment policies and regulations should be supportive of international business development. The capacities of Government officials should be broadened, in a sustainable manner, to increase international trade exposure and skills. The cooperation between policymakers and the private sector in Bhutan is also critical to create a trade-policy framework conducive to the growth of exports. Limited access to market information and understanding of market requirements by economic operators including producers and cottage industry are major impediments to Bhutan’s trade development and promotion across sectors. The project will: