New Delhi, Nov 13 : India and Bhutan signed a new bilateral trade agreement on Saturday to enhance trade between the two countries through trade facilitation by improving procedures, an official statement said.
“The bilateral agreement aims at cutting down on documentation and adding additional exit and entry points for Bhutan’s trade with other countries. It is also expected to further strengthen the excellent relations between the two countries,” Commerce Ministry said in a statement.
The agreement was signed by Commerce and Industry Minister Nirmala Sitharaman and H.E. Tengye Lyonpo Lekey Dorji, Minister for Economic Affairs, Bhutan.
The first agreement between Bhutan and India which was signed in 197 has been renewed four times so far. On July 28, 2006, the last agreement was signed and was valid up to July 29, 2016.