Bhutan : Private Sector Survey
Two of the seven major development challenges of the Royal Government of Bhutan identified for the Donors Development Forum, held in Thimpu in November 2000, were private sector development and employment generation. Given the fact that the public...
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| Language: | English en_US |
| Published: |
Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2002/06/2034211/bhutan-private-sector-survey http://hdl.handle.net/10986/15354 |
| Summary: | Two of the seven major development
challenges of the Royal Government of Bhutan identified for
the Donors Development Forum, held in Thimpu in November
2000, were private sector development and employment
generation. Given the fact that the public sector is
unlikely to expand further in the forseeable future, these
issues become two sides of the same coin. Future employment
generation in Bhutan can only come from the further growth
of the private sector. The prinicpal objectives of this
report and associated survey work is to assist the
Government in developing an improved information base on the
private sector and to thereby assist it in formulating its
strategy for private sector support over the period of the
Ninth Five-Year Development Plan. The main recommendations
put forth for private sector development include:
Establishment of a transparent system of tax relief and
possibly a system of industry levies to support radically
increased worker and management training. Development of a
transparent, time-bound, policy for recruiting non-national
workers. Encouragement of the development of innovative
financial instruments and payment modalities. Support of
technology transfer mechanisms and provide incentives
through tax breaks. Finalization and approval of the new
foreign direct investment law. Implementation of a system of
duty drawback on imported raw materials used to produce
export products. Development of a clear, consistent, and
transparent policy environment. |
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