AGP Executive Report
Last update: 6 hours agoBhutan–EU Cooperation: Bhutan and European Parliamentarians met in Thimphu to discuss climate resilience, renewable energy, education and digital transformation, with a focus on adaptation finance and resilient infrastructure. Trade & Logistics: Bhutan’s Mega Dry Port in Pasakha is completed and set to begin operations, aiming to streamline cargo clearance, reduce pressure on Phuentshogling, and cut heavy-vehicle movement through a one-roof setup for key agencies. Green Economy Policy: Bhutan became the first country to adopt Gross Ecosystem Product nationally, putting a monetary value on ecosystem services (about US$6.2bn for 2024) alongside GDP and Gross National Happiness. Cross-Border Payments: UPI is now accepted in Bhutan, and India’s new UPI MDR rules from Oct 15 could extend to overseas markets—raising questions for merchants and businesses operating across borders. ICT Industry Challenge: A report highlights hurdles for Bhutan’s ICT sector, pointing to skills gaps, financing constraints and red tape that slow implementation despite policy intent. Regional Climate Push: Nepal’s PM Balendra Shah used his UNGA address to argue for a Himalayan Climate Resilience Mechanism led by Nepal, India and China—an agenda that directly affects Himalayan water, agriculture and disaster risk.
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