In early March 2022, Bangladesh, Bhutan Indian and Nepal attend a meeting over the BBIN Motor vehicle Agreement.
In this meeting, the countries discussed the upcoming step in operation of the MVA for the free flow goods and people between them.
About BBIN MVA
The BBIN Motor vehicle Agreement (MVA) was signed at the BBIN transport Ministers meeting in Thimpu, Bhutan in June 2015.
BBIN MVA will allow the four countries to ply their vehicle in each other country for transportation of cargo and passengers.
To enter another country's territory, vehicles need to obtain an online electronic permit.
Under the agreement, there is no need for trans-shipment of good for one country's truck to another's at the border.
Cargo vehicles will have an electronic seal so that they can be tracked. Regulators will be alerted every time the door of the container opens
Ratification of BBIN MVA
Once the agreement is ratified by all four countries, it enters into force. Bangladesh India and Nepal ratified the agreements.
Bhutan has not yet ratified, due to objections from opposition Parties.
Bhutan wants to limit the number of vehicle entering its country. Bhutan has concerns regarding damage to the environment and impact on Bhutanese truckers.
Bhutan and India already have a bilateral agreement that allows seamless movement of vehicle between the two countries. So Bhutan's decision to not ratify the BBIN agreement will only affect its trade with Nepal and Bangladesh.
Technical and knowledge support to the meeting was provided by the Asian Development Bank (ADB).
World Bank, which has estimated that the implementation of the MVA will potentially see an increase in traffic - regional trade within South Asian.
The BBIN MVA can be a game - changer for neighborhood cooperation.
For First time these countries have decided to exchange their traffic right and Provides transit to cargo and passenger vehicles within and across international borders.
The primary goal is to develop functional transport corridors and subsequently convert them to economic corridors.
These economic corridors are excepted to play an instrumental role in strengthening existing value chains and creating new ones.