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Bangladesh Bhutan India Nepal Motor Vehicle Agreement

Objective: Objective: The main objective of the agreement is to enable smooth contacts between people and to improve economic interaction by facilitating the cross-border movement of people and goods. At the 18th OSCE Summit in Kathmandu in November 2014, India proposed an agreement on SAARC motor vehicles. Pakistan`s objections failed to reach an agreement. Instead, India followed a similar agreement with BBIN. The BBIN Motor Vehicles Agreement (MVA) was signed on 15 June 2015 at the BBIN Transport Ministers` Meeting in Thimpu, Bhutan. [29] [30] The agreement will allow Member States to transport their vehicles on the territory of the other cargo and passenger provider, including transport and passenger vehicles from third countries. Any vehicle would require electronic authorization to enter another country`s territory and border security agreements between the borders of nations are maintained. [31] Freight vehicles can enter each of the four nations without the need to transfer goods from one country to another at the border. Under the system, cargo vehicles are electronically tracked, authorizations are issued online and sent electronically to all land ports. Vehicles are equipped with an electronic seal that alerts regulators every time the container door is opened. [30] In June 2015, Bangladesh, Bhutan, India and Nepal (BBIN) signed a framework for transporting passengers and goods between the four countries.

Bhutan has not yet ratified the pact for its entry into force. Bhutan, however, had agreed to have BBIN MVA enter into force among the three other countries, Bangladesh, India and Nepal, which have already ratified it. Following the implementation of the agreement, there will be better regulation of passenger, passenger and freight transport between these four South Asian neighbours. This rapid and easy transition will further facilitate trade in this sub-region. The MVA gets rid of the cumbersome transloading process and allows vehicles to enter into inland container depots (ICDs), reducing border congestion and reducing both time and business costs. It is expected to generate economic dividends, particularly for Nepal, Bangladesh and Bhutan. Although India is the main trading partner of the three countries, it will also benefit from the agreement. In December 2018, Bhutanese Foreign Minister Tandi Dorji said the new government would reconsider the auto agreement and indicate that Bhutanese trucks were having difficulty getting to Bangladesh, while trucks from India and Nepal provided easy access. [39] At the second external consultations (FOC) between Bangladesh and Bhutan in Dhaka in March 2019, Bangladesh`s Foreign Minister, Mr.