New Delhi: Prime Minister Narendra Modi’s visit to Bhutan, scheduled from November 11 to 12, will aim at strengthening India’s trade and investment ties with the Himalayan Kingdom.

India’s unique trade relations with Bhutan are governed by the 2007 India-Bhutan Friendship Treaty and the 2016 India-Bhutan Agreement on Trade, Commerce and Transit, which establishes a free trade regime between the two countries and also provides Bhutan duty free transit of goods to and from third countries.

India has consistently been Bhutan’s top trading partner — both as an import source and as an export destination. India’s share of Bhutan’s total trade grew from 79.17 per cent in 2023 to 79.88 per cent in 2024.

In value terms, in 2024 (January-December), India’s bilateral trade with Bhutan was Rs 12,66

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