Bhutan Wholesale Trade Regulation, 2006.

The Bhutan Wholesale Trade Regulation, 2006 is a part of the reform process toward creation of a stable and predictable policy environment in the Trading sector. The Regulation aims to provide a simple licensing system and to facilitate setting up of wholesale business. The policy is envisaged to promote quality of products, competatitive price and ensure a broad supply base for goods throughout the country.
All Bhutanese citizens having attained the age of 18 years shall be eligible to engage in wholesale business. A company incorporated under the provisions of the Companies Act of the kingdom of Bhutan, 2000 is also eligible to engage in wholesale business. The appointment of wholesaler for third country goods shall be subject to Foreign Exchange Regulations of Bhutan 1997 and Rules and Procedures for imports from third countries. The wholesaler shall be permitted to engage in an activity that has been awarded by the principals with the exception of those prohibited and those listed in the Negative List as per annex II, including: chemicals and fertilizers, alcohol and alcoholic beverages, industrial and toxic waste and residues, live animals and their products or by-products plants and plant materials, etc.
The Regulation further makes provisions, inter alia, for: wholesaler appointment procedure, rights and obligations of wholesales, penalties.