Friday, June 13, 2025
  • Contact Us
  • About BBS
  • Privacy & Policy
ENG
DZO
BBSCL Logo
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • More
    • Announcement
    • Audience Survey Report
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule
Radio Live
No Result
View All Result
BBSCL logo
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • More
    • Announcement
    • Audience Survey Report
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule
No Result
View All Result
BBSCL logo
Radio LIVE

Expert consultation underway to assess WTO memberships

December 10, 2024
in Other Stories
Reading Time: 2 mins read
0
0
SHARES
549
VIEWS
Share on FacebookShare on Twitter

The government has not suspended its efforts to join the World Trade Organization, WTO but is moving forward cautiously. This was shared by the industry, commerce and employment minister during Friday’s Meet the Press session. The country has resumed works to finalise its accession to the WTO last year after a 15-year hiatus.

Bhutan has been in the process of negotiating its accession to the WTO for many years but has not completed the process as of now. The country began its accession talks in 1999, but the process has been slow due to several factors, including the country’s desire to protect its unique economic, cultural, and environmental characteristics while opening up to global trade.

In August last year, the previous government revealed that it has approved the country’s accession to the World Trade Organisation.

During the monthly press meet on Friday, the minister stated that the government is reviewing laws to meet WTO standards, raising awareness, building capacities on WTO-related issues, and working with the WTO Secretariat for technical support.

Namgyal Dorji, Industry, Commerce, and Employment Minister said “Before proceeding with discussions on joining the WTO, we must carefully evaluate its advantages and disadvantages concerning the Gelephu Mindfulness City. We are currently consulting experts on this matter.”

The minister also said that the government is in discussions with Thailand to establish free trade and plans to initiate talks with Nepal as well.

“If we consider our experiences, having separate discussions with each country requires significant costs, time, and expertise. Therefore, becoming a WTO member could simplify trade and eliminate the need for individual negotiations.”

Meanwhile, the minister said some of the challenges of becoming a member of WTO include aligning domestic policies with WTO rules, exposure to international markets may challenge local industries, and compliance and obligation cost for institutions.

Kinzang Lhadon

Edited by Kipchu 

Previous Post

Delayed winter crop cultivation in Punakha’s Bjimithang Chiwog due to water shortage

Next Post

National Education Policy 2024 submitted to Cabinet

Next Post
National Education Policy 2024 submitted to Cabinet

National Education Policy 2024 submitted to Cabinet

Prime Minister Tshering Tobgay inaugurates two-day festival at Rongtse Nye, Haa

Prime Minister Tshering Tobgay inaugurates two-day festival at Rongtse Nye, Haa

Farmers in Goishing-Ridzommo turn to cassava for income, Pema Gatshel

Farmers in Goishing-Ridzommo turn to cassava for income, Pema Gatshel

RECOMMENDED NEWS

Consumers of BPC annoyed and confused with the exorbitant bills

BPC investigating alleged sexual harassment case

4 years ago
7
First Hearing scheduled on Feb 9

First Hearing scheduled on Feb 9

10 years ago
1
Bhutan to build landmark international airport in Gelephu by 2029

Bhutan to build landmark international airport in Gelephu by 2029

6 months ago
3k

Construction woes in Dagana

12 years ago
1

BROWSE BY CATEGORIES

  • Accidents (14)
  • Agriculture (430)
  • Announcement (177)
  • Audience Survey Report (1)
  • Business (747)
  • Crime/Legal (368)
  • Culture (47)
  • Development (55)
  • Disaster (57)
  • Economy (282)
  • Education (417)
  • Entertainment (15)
  • Environment (64)
  • Feature (65)
  • Featured (6)
  • Festival (78)
  • GMC (14)
  • Headlines (7)
  • Health (624)
  • Legal (53)
  • Literature (9)
  • Livestock (76)
  • Media (25)
  • Other Stories (5,609)
  • Politics (419)
  • RCSC (1)
  • Recent stories (6)
  • Religion (45)
  • Sci/Tech (710)
  • Social (529)
  • Sports (452)
  • Technology (190)
  • Tourism (21)
  • Uncategorized (13,866)
  • Video (138)
  • Video Story (252)
  • Wildlife (42)

BROWSE BY TOPICS

Tender Announcement Vacancy Announcement

POPULAR NEWS

  • BPC’s investigation rules out transformer short circuit as Damchhu forest fire cause

    Viral video of Bhutanese man assaulted by locals and police in Jaigaon sparks safety concerns

    0 shares
    Share 0 Tweet 0
  • Gelephu Mindfulness City opens recruitment drive for Bhutanese professionals

    0 shares
    Share 0 Tweet 0
  • Newspaper accuses DPT candidate of political ploy

    0 shares
    Share 0 Tweet 0
  • A centenarian’s recipe to longevity

    0 shares
    Share 0 Tweet 0
  • 40 companies risk closure over failure to submit financial reports

    0 shares
    Share 0 Tweet 0
BBSCL

Bhutan Broadcasting Service (BBS) is Bhutan’s primary national broadcaster, delivering diverse news and entertainment in multiple languages, fostering cultural understanding and public knowledge.

Follow us on social media:

Recent News

  • National Assembly decides to reduce Goods and Services Tax from seven to five per cent
  • Bhutanese athletes claim 4 gold, 2 silver, and 3 bronze medals at South Asian Bodybuilding and Physique Sports Championship
  • Stray cattle problem worsens in Gedu town
  • National Council recommends stricter penalties for selling inhalants to minors
  • Bhutanese player to compete in MLB China Summer League

News Category

  • Accidents
  • Agriculture
  • Announcement
  • Audience Survey Report
  • Business
  • Crime/Legal
  • Culture
  • Development
  • Disaster
  • Economy
  • Education
  • Entertainment
  • Environment
  • Feature
  • Featured
  • Festival
  • GMC
  • Headlines
  • Health
  • Legal
  • Literature
  • Livestock
  • Media
  • Other Stories
  • Politics
  • RCSC
  • Recent stories
  • Religion
  • Sci/Tech
  • Social
  • Sports
  • Technology
  • Tourism
  • Uncategorized
  • Video
  • Video Story
  • Wildlife
  • Contact Us
  • About BBS
  • Privacy & Policy

© 2024 BBSCL. All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • More
    • Announcement
    • Audience Survey Report
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule

© 2024 BBSCL. All rights reserved.