Hon’ble Tengye Lyonpo launched the Cottage & Small Industry (CSI) Policy 2019, the Foreign Direct Investment (FDI) Policy 2019 and guidelines on e-commerce 2019 as one of the major reform agendas of the Bhutan Economic Forum for Innovative Transformation (BEFIT) Conference on July 16, 2019.
The revised CSI Policy 2019 aims to further improve the policy and regulatory environment to accelerate the growth of the CSIs in the country. The Policy focuses on the six main domains of the entrepreneurship ecosystem and will be implemented through a series of action plan covering the entire period of the Policy.
The revised FDI Policy 2019 aims to make the policy more relevant and investor friendly. One of the key changes in the revised policy is allowing FDI in select small scale production and manufacturing sector.
The objectives of the e-commerce guideline is to primarily promote and facilitate continuous growth and development of e-commerce activities whilst ensuring that economic interests and rights of the consumers are protected from unfair trade practices
