He additionlly expressed hopes that the export target of $1 trillion in 2026-27 will be achieved.
The target was set at 863 billion dollars in 2025-26.
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“During the first four months of this fiscal, about 15 per cent growth is there in exports,” he said.
The exports and imports final numbers for July will be released on the 13th of August.
Referring to the free trade agreements (FTAs) concluded, he stated that in the last four years, nine FTAs have been concluded, thus opening many possibilities for the domestic industry.These agreements are responsible for about two-thirds of the global trade.Read More: Govt issues advisory against two Bhutanese cos on trade risks
The data shows that during the period of April to June during the current financial year, exports increased by 15.92% and reached 129.32 billion dollars, while imports increased by 19.89% and reached 216.18 billion dollars.