The 5th Joint Customs Group Meeting between India and Bhutan Held in Ladakh
The 5th Joint Customs Group (JGC) meeting between India and Bhutan convened on May 6-7, 2024, in Leh, Ladakh. This significant event was co-chaired by esteemed delegates: Shri Surjit Bhujbal, Special Secretary and Member (Customs), Central Board of Indirect Taxes and Customs, Government of India; and Shri Sonam Jamtsho, Director General, Department of Revenue and Customs, Ministry of Finance.
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| 5th Joint Customs Group meeting between India and Bhutan held in Ladakh |
Bilateral Discussions and Agreements
The meeting served as a platform to address various bilateral issues crucial for enhancing trade and cooperation between India and Bhutan. Key topics of discussion included the establishment of new land customs stations and the notification of fresh trade routes. Additionally, both parties deliberated on the imperative aspects of infrastructure development, automation, and digitization of transit procedures, all aimed at facilitating smoother cross-border trade operations.
One of the pivotal points discussed during the 5th JGC meeting was the collective efforts towards preventing smuggling activities. The delegates emphasized the importance of coordinated cross-border management and the implementation of pre-arrival exchanges to bolster security measures.
Appreciation for Support and Collaboration
Bhutan expressed gratitude towards the Government of India, specifically acknowledging the Central Board of Indirect Taxes and Customs, for their unwavering support. The continuous assistance provided in terms of capacity building, training, and skill development to the Bhutan Customs Administration was highly appreciated. Through initiatives such as workshops, seminars, and various training programs, including the IRS program, India has played a pivotal role in enhancing the capabilities of Bhutanese customs officials.
Strengthening Trade Relations
India stands as Bhutan's foremost trade partner, serving both as a significant import source and export destination. The bilateral trade between the two nations has witnessed remarkable growth over the years. Since 2014, the trade volume between India and Bhutan has surged significantly, tripling from $484 million in 2014-15 to $1,615 million in 2022-23. This remarkable increase underscores the robust and enduring trade relations between the two nations, with India accounting for approximately 80% of Bhutan's total trade.
Conclusion
The 5th Joint Customs Group meeting between India and Bhutan held in Ladakh marked another milestone in the collaborative efforts aimed at fostering closer ties and enhancing bilateral trade relations. Through constructive dialogues and agreements on various fronts, both nations have reaffirmed their commitment to facilitating seamless cross-border trade operations and strengthening economic cooperation.
