June 5, 2014
The 14th sitting of the 13rd session of the National Council of Bhutan ratify the Simplification and Harmonization of Customs Procedures as amended and also known as Revised Kyoto Convention (RKC).
The Minister of the Ministry of Finance introduced the Convention to the House. While introducing the convention, he reported that the RKC was adopted in June, 1999 by 114 Customs administration and entered into force on February 3, 2006 with 91 countries acceding to RKC, among which, two countries from SAARC region (India and Bangladesh) are two members of the RKC. He also briefly mentioned some of the expected benefit by acceding to the RKC; it is a key to anti-corruption initiatives by promoting the integrity and professionalism of customs administrations worldwide and reducing the susceptibility of business and citizens to corrupt customs practices.
June 4, 2014
The 13th sitting of the National Council witnessed the introduction of the Trade and Economic Cooperation Agreement between the Government of the Kingdom of Thailand and the Royal Government of Bhutan and the Convention on the Recognition and Enforcement of Foreign Arbitral Awards by Hon’ble Minister for Economic Affairs, followed by the adoption of the National Council Act (Amendment) Bill 2014.
In starting the session, the Chairperson, on behalf of the National Council and Council Secretariat, conveyed good wishes to Her Majesty the Gyaltsuen on the happy occasion of Her auspicious birthday.
Introducing the Trade and Economic Cooperation Agreement between the Royal Government of Bhutan and the Kingdom of Thailand, the Minister outlined the principles, objectives and background of the agreement. Following the introduction, the members inquired about the benefits that would accrue to the country from the agreement.
In the 12th Session the House directed the Economic Affairs Committee (EAC) to conduct a thorough review on the Trade and Economic Cooperation Agreement between the Royal Government of Bhutan and the Kingdom of Thailand in consultation with relevant agencies so as to thoroughly understand agreement before a stand is taken. However, since no consultative meetings could be held on the agreement without a presentation, as recommended by the EAC, the House voted to defer the agreement until the 14th Session. Read More »