• Date: Jun 2014

Post March 2012, Bhutan experienced an economic crisis and its aftermath, which  was a wake up call for Bhutan to prepare for the situation henceforth.

In view of the economic recession, the Bhutan Chamber of Commerce & Industry (BCCI) conducted a study to explore and comprehend the trade situation in Bhutan. The findings reported very high trade deficit despite the abundant resources present. This prompted BCCI to examine further the potential economic opportunities within Bhutan. This would ameliorate the existing negative trade balance and steer Bhutan towards a greener economy.

Through the consumption of local goods, which entail minimum environmental impacts and immense contribution towards rural welfare, BCCI will be able to instigate growth by the means of import substitution and employment creation.

In 2013, BCCI embarked on a nationwide research on the economic resource mapping with a concept of “One District Three Products” (ODTP). The research reported various opportunities for all the twenty dzongkhags primarily on the production of agro products and tourism.

Accounting the stock of resources in the country, BCCI has come up with the preliminary economic resource mapping that outlines three products and services (tourism) in each dzongkhag, given below.

SL No.

 

DZONGKHAG

PRODUCT 1

PRODUCT 2

PRODUCT 3

1

Bumthang

Medicinal Plants

Tourism

 Oilseeds (Sunflower)

2

Chhukha

Assorted Vegetables

Dairy Farming

Hazelnut

3

Dagana

Maize

Kiwi fruit

Poultry

4

Gasa

Tourism

Medicinal Plants

Vegetables

5

Haa

Summer Vegetables

Tourism

Coldwater Fishery

6

Lhuntse

Textiles

Tourism

Vegetables

7

Mongar

Vegetables

Mango

Dairy Farming

8

Paro

Tourism

Fruits

Vegetables

9

Pemagatshel

Maize

Fruits

Vegetables

10

Punakha

Tourism

Vegetables

Fruits 

11

Samdrup Jongkhar

Maize

Oilseeds

Vegetables & Spices

12

Samtse

Paddy

Fruits

Spices (Cardamom & Ginger)

13

Sarpang

Cereals

Fruits

Areca nut

14

Thimphu

Vegetables

Fruits

Tourism

15

Trashigang

Dairy Farming

Vegetables

Tourism

16

Trashiyangtse

Wood turning (Shag Zo)

Tourism

Paper Making (De Zo)

17

Trongsa

Oilseeds

Dairy Farming

Tourism

18

Tsirang

Vegetables

Avocado

 Poultry

19

Wangduephodrang

Vegetable

Cold Water Fishery

Seeds & Seedlings Nursery

20

Zhemgang

Fruits

Vegetables

Tourism

The scope of the commercial production of those products/services from the above list established from the preliminary research has been evaluated for all the Dzongkhags. BCCI is undertaking the next steps for its validation which will be followed by the implementation framework where support from all the relevant stakeholders is expected. Through this initiative we expect to create strong linkages between the rural and business communities to gradually scale up production and ensure market for the farm produce.

An essential first step is to sensitize the public on the importance of their role in promoting the local economy for the long term sustainable development of the country. At the end, BCCI expects to build strong collaboration between the rural and business communities in order to create avenues to enhance the economic livelihood of the rural population. BCCI also expects to support rural famers in increasing the scale of production and supply of green products in the domestic market and eventually in the regional markets. This initiative fits well with the government’s recently-approved Economic Stimulus Plan (ESP), which emphasizes on growth that is focused on employment, export orientation and import substitution.

 

Contributed by: Mr. Kesang Wangdi, BCCI

Category: 

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