ÑDz©ÌåÓý¹ÙÍøÊ×Ò³

India, Bhutan Boost Customs Ties at 6th JGC Meet
ECONOMY & POLICY

India, Bhutan Boost Customs Ties at 6th JGC Meet

India and Bhutan have reaffirmed their strong bilateral trade relationship during the 6th Joint Group of Customs (JGC) Meeting held in Thimphu, Bhutan. The two-day meeting aimed to deepen cooperation on customs processes, streamline cross-border trade, and ensure efficient and secure border management.

The meeting was co-chaired by Surjit Bhujabal, Special Secretary and Member (Customs), Central Board of Indirect Taxes and Customs (CBIC), Government of India, and Mr. Sonam Jamtsho, Director General, Department of Revenue and Customs, Royal Government of Bhutan.

India remains Bhutan’s largest trading partner, accounting for nearly 80% of Bhutan’s total trade. Given Bhutan’s landlocked geography, land Customs Stations play a critical role in trade facilitation, with 10 such stations located along the border—six in West Bengal and four in Assam.

Key areas of discussion included the automation and digitisation of transit processes, implementation of Coordinated Border Management (CBM), pre-arrival exchange of customs data, and the movement of goods under the Electronic Cargo Tracking System (ECTS). Both sides also discussed the Customs Mutual Assistance Agreement (CMAA) to further enhance collaboration.

The Bhutanese delegation acknowledged India's ongoing support, particularly highlighting the success of the 2024 capacity-building workshop titled ‘Advancing India Bhutan Trade and Economic Partnership�. India proposed additional training in areas such as Risk Management Systems (RMS), Authorised Economic Operator (AEO) schemes, and food safety standards.

The meeting concluded on a positive note, with both countries reaffirming their shared vision to strengthen customs cooperation and promote seamless and secure trade across their shared border.

India and Bhutan have reaffirmed their strong bilateral trade relationship during the 6th Joint Group of Customs (JGC) Meeting held in Thimphu, Bhutan. The two-day meeting aimed to deepen cooperation on customs processes, streamline cross-border trade, and ensure efficient and secure border management.The meeting was co-chaired by Surjit Bhujabal, Special Secretary and Member (Customs), Central Board of Indirect Taxes and Customs (CBIC), Government of India, and Mr. Sonam Jamtsho, Director General, Department of Revenue and Customs, Royal Government of Bhutan.India remains Bhutan’s largest trading partner, accounting for nearly 80% of Bhutan’s total trade. Given Bhutan’s landlocked geography, land Customs Stations play a critical role in trade facilitation, with 10 such stations located along the border—six in West Bengal and four in Assam.Key areas of discussion included the automation and digitisation of transit processes, implementation of Coordinated Border Management (CBM), pre-arrival exchange of customs data, and the movement of goods under the Electronic Cargo Tracking System (ECTS). Both sides also discussed the Customs Mutual Assistance Agreement (CMAA) to further enhance collaboration.The Bhutanese delegation acknowledged India's ongoing support, particularly highlighting the success of the 2024 capacity-building workshop titled ‘Advancing India Bhutan Trade and Economic Partnership�. India proposed additional training in areas such as Risk Management Systems (RMS), Authorised Economic Operator (AEO) schemes, and food safety standards.The meeting concluded on a positive note, with both countries reaffirming their shared vision to strengthen customs cooperation and promote seamless and secure trade across their shared border.

Next Story
Technology

HCL-Foxconn to invest Rs 37 billion in chip plant near Jewar airport

The Union Cabinet has approved the establishment of a new semiconductor unit near Jewar airport in Uttar Pradesh under the India Semiconductor Mission. This sixth plant, a joint venture between HCL and Foxconn, marks further progress in India’s semiconductor journey. The project will see an investment of Rs 37 billion.The facility will produce display driver chips for mobile phones, laptops, automobiles, PCs, and other digital devices. It is designed for a monthly capacity of 20,000 wafers and an output of 36 million units.Five semiconductor units are already in advanced stages of constructi..

Next Story
Real Estate

Brigade acquires Velachery land for Rs 16-billion project

Brigade Enterprises has acquired a 5.41-acre land parcel on Velachery Road, Chennai, through an outright purchase for Rs 4.417 billion. Located next to Phoenix Market City, the site will be developed into a premium residential project with a gross development value of approximately Rs 16 billion and a development potential of 0.8 million square feet.The project offers strategic access to both the OMR IT Corridor and Chennai’s Central Business District, promising strong connectivity and premium lifestyle offerings. Brigade plans to create signature residences focused on aesthetics, functional..

Next Story
Equipment

Liebherr marks 10,000th XPower wheel loader milestone

Liebherr-Werk Bischofshofen has rolled out its 10,000th XPower wheel loader, marking a major production milestone. The anniversary L 580 XPower model, featuring a power-split travel drive developed with ZF Friedrichshafen AG, was handed over to the BERGER Group in Passau.“The transmission from our partner ZF is a key component of the drivetrain in our XPower wheel loaders,� said Gerhard Pirnbacher, Head of Quality Management at Liebherr. “With an impressive total of around 64 million operating hours already clocked up by XPower models, this transmission has proven its exceptional robustn..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement