What Is Motor Vehicle Agreement

However, Bangladesh, Bhutan, Nepal and India have understood the relevance of this motor vehicle agreement. As a result, they quickly began negotiations among themselves through several joint working groups. India has approached Bangladesh and Nepal through diplomatic channels to develop modalities for the operationalization of MVA between Bangladesh, India and Nepal. BBIN-MVA is considered crucial for the diversification of the trading economy of Nepal and Bangladesh. On the 18th. At the South Asian Association for Regional Cooperation (SAARC) summit in Kathmandu in 2014, heads of state expressed for the first time their strong determination to “deepen regional integration for peace, stability and prosperity in South Asia by intensifying cooperation in areas such as trade, investment, finance, energy, energy, security, infrastructure, connectivity and culture; and prioritized, results-oriented and time-bound projects, programmes and activities.” However, due to political problems between SAARC member countries, the agreement encountered several difficulties and the idea was quickly abandoned. In December 2018, Bhutanese Foreign Minister Tandi Dorji said the new government would reconsider the motor vehicle deal as Bhutanese trucks would have difficulty getting into Bangladesh, while trucks from India and Nepal would have easy access. [39] During the second Federal Foreign Office (FOC) consultations between Bangladesh and Bhutan in Dhaka in March 2019, Bangladeshi Foreign Minister Shahidul Haque stressed the importance for Bhutan to ratify the agreement, calling it “crucial” for the future development of the region. [40] At regular meetings of the JWG, representatives explore opportunities for cooperation, exchange experiences and best practices, discuss data exchange modalities for disaster forecasting and mitigation measures, and strengthen measures to facilitate transit, such as common border posts on key routes and harmonised customs procedures. [10] The priority of “connectivity”[11] also includes homogeneous electricity grids, shared access to road, rail, air and port infrastructure, as well as ease of travel. To this end, a sub-regional agreement on motor vehicles, which received approval in Thimphu[12], would allow buses and later private vehicles with a BBIN permit to freely cross border barriers. [13] [14] Although this is clearly an economic intention, the diplomatic weight given to this structure compared to alternatives in a region considered to be the least integrated[15] was seen as an objective that goes beyond intertwined trade.

[16] As a result of the implementation of the agreement, there will be better regulation of the transport of passengers, passengers and goods between these four neighbouring Countries in South Asia. This faster and hassle-free transition of vehicles will further facilitate trade in this subregion. MVA eliminates the time-consuming transshipment process and allows vehicles to be imported to container depots (INNs), thereby reducing border congestion, thereby reducing time and negotiation costs. It is likely to generate economic dividends, especially for Nepal, Bangladesh and Bhutan. Although India is the largest trading partner among the three countries, it will also benefit from the agreement. .