Nepal and Bhutan have recently taken steps to strengthen their bilateral trade relations. Both countries are working towards reducing tariffs, improving border trade facilities, and enhancing transportation networks. Nepal exports agricultural products, handicrafts, and textiles to Bhutan, while Bhutan exports electricity, minerals, and agricultural goods to Nepal.
Analysts believe that these initiatives will significantly contribute to the economic growth of both nations and enhance regional cooperation. However, challenges such as inadequate transport infrastructure, complex tariff procedures, and border security concerns need to be addressed. The governments of Nepal and Bhutan have pledged to work jointly to overcome these challenges and promote smoother trade operations.
