Bhutan will receive assistance for capacity building in the field of customs as seven SASEC member countries signed the Memorandum of Intent (MoI) for capacity building initiatives with the National Academy of Customs, Excise and Narcotics of India.
The MoI was signed during the 6th SASEC customs sub-group meeting held on Thursday in Thimphu. It will provide platform for the Department of Revenue and Customs to learn and explore customs related strategies in other South Asian countries.
SASEC which stands for South Asia Subregional Economic Cooperation is a program that brings together Bangladesh, Bhutan, India, the Maldives, Nepal, and Sri Lanka in a project-based partnership that aims to promote regional prosperity, improve economic opportunities, and build a better quality of life for the people of the subregion.
SASEC countries share a common vision of boosting intra-regional trade and cooperation in South Asia, while also developing connectivity and trade with Southeast Asia through Myanmar, to the People’s Republic of China, and the global market.
Bhutan is one of the founding members of SASEC since 2001.
