Bhutan

India inks landmark MVA with Bhutan, Bangladesh and Nepal

Bangladesh, Bhutan, India and Nepal (BBIN) have inked a Motor Vehicles Agreement (MVA) for the regulation of passenger, personnel and cargo vehicular traffic for the economic benefit of the entire region.

On behalf of India, the agreement was signed by Union Minister of Road Transport & Highways and Shipping, Nitin Gadkari in Thimpu, Bhutan.

Key Facts about BBIN Motor Vehicles Agreement (MVA)

  • BBIN MVA agreement which is similar to the SAARC Motor Vehicle Agreement (MVA) aims to promote safe, environmentally sound and economical efficient road transport in the sub-region of BBIN.
  • It also seeks to help each member country to create an institutional mechanism for regional integration.
  • The agreement will be supplemented by building and upgrading roads, railways and waterways infrastructure in this region in order to ensure smooth cross-border flow of goods, services, technology, capital and people-to-people contact.
  • It will benefit member nations for mutual cross border movement of passenger and goods for overall economic development of the region.
  • For implementation of this agreement each signatory member will bear its own costs.

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Union Cabinet gives nod to Bangladesh, Bhutan, India and Nepal (BBIN) Motor Vehicle Agreement

Union Cabinet meet chaired by Prime Minister Narendra Modi has approved the signing of Bangladesh, Bhutan, India and Nepal (BBIN) Motor Vehicle Agreement.

The agreement which is similar to the SAARC Motor Vehicle Agreement (MVA) seeks to regulate the vehicular traffic of passenger, personal and cargo amongst BBIN countries.

The agreement will be signed on 15th June 2015 at the Transport Minister’s meeting in Thimpu, Bhutan.

Key Facts

  • BBIN agreement aims to promote safe, environmentally sound and economical efficient road transport in the sub-region of BBIN.
  • It also seeks to help each member country to create an institutional mechanism for regional integration.
  • BBIN agreement will benefit member nations for mutual cross border movement of passenger and goods for overall economic development of the region.
  • For implementation of this agreement each signatory member will bear its own costs.

Background

  • During the 18th SAARC Summit held in Kathmandu, Nepal SAARC MVA was not able to signed due to reservations of Pakistan.
  • However, the SAARC declaration at the 18th Summit had encouraged Member States to initiate regional and sub-regional measures to enhance connectivity.
  • In line with this declaration, BBIN Motor Vehicle Agreement was pursued among four SAARC members.
  • Draft of this agreement was finalized in February 2015 in the meeting of Secretaries of Transport of the BBIN countries which was organized by the Ministry of Road Transport and Highway (MoRTH).

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Bangladesh Cabinet approves revised trade deal with India

Bangladesh cabinet meeting chaired by Prime Minister Sheikh Hasina has approved the revised India-Bangladesh trade agreement.

The revised agreement will facilitate both countries to use each other’s land and water routes for trade with a third country and remove long standing barrier in regional trade.

With this Bangladesh will be able to use Indian railways, roads and waterways in transshipment of goods to Bhutan and Nepal. While, India will be able to send goods to Myanmar through Bangladesh.

Under the modified deal both countries will be able to use transport networks for transporting the goods for a fee. These fees and charges for transporting goods will be the same for both the countries and will be fixed through bilateral discussions.

The deal will be in force for 5 years instead of the existing tenure of 3 years, and further can amended through mutual agreement.

At present, India has similar agreement with Nepal and Bhutan but Bangladesh’s trade with Nepal and Bhutan was hindered for want of such a treaty with India.

Previously, trucks from Nepal and Bhutan entering from Bangladesh along the Indian border were required to park at a specific point near border. But under the revised deal, trucks from Nepal and Bhutan will enter Bangladesh through the Indian corridors.

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