Bangladesh, India, Nepal to Redraw BBIN MVA

5 May 2017

The Bangladesh-Bhutan-India-Nepal (BBIN) Motor Vehicles Agreement (MVA) will be redrawn by Bangladesh, India, and Nepal, following Bhutan's agreement for the three countries who have ratified the transit agreement to proceed with its implementation.

In June 2017, the BBIN working group will meet to redesign the routes, including corridors that start from Paro and Phuentsholing in Bhutan, connecting Dhaka and Kolkata. An official estimates the process will take five to six months, with the edited protocols requiring approval by the Parliaments of Bangladesh, India, and Nepal.

Bhutan's Ministry of Foreign Affairs announced in May 2017 that the country is still completing its internal procedures for ratification of the BBIN MVA, and addressing issues, including environmental concerns, raised by local stakeholders.

The BBIN MVA is a landmark framework agreement aiming to facilitate the seamless flow of passenger, personal, and cargo vehicular traffic between and among the BBIN countries.

Its objectives include raising total trade among the BBIN countries. At present, India's trade share in the BBIN subregion is around $10.82 billion, with exports amounting $9.35 billion and the remaining accounting for India's imports.


Related Link:

India redrawing BBIN transport plan as Bhutan withdraws

Bangladesh, India to Pilot Cargo Railway Service

Bangladesh and India will pilot a freight train service between Dhaka and Kolkata in August, using the broad...
Read More >>

SASEC Road Connectivity to Open Opportunities for MSMEs

India’s Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, gave its approval for a $253,406,409...
Read More >>

ADB to Help Nepal Modernize Trade Facilitation

The Asian Development Bank's (ADB) has approved a $21 million loan to support the Government of...
Read More >>

Commentary: Standards Need Continuous Updating

This commentary by Ms. Ferdaus Ara Begum, Chief Eecutive Officer, Business Initiative Leading Development, highlights the need to...
Read More >>

India Allows Export of Essential Agri Commodities to Maldives

The Government of India has allowed the export of select commodities to Maldives for 2017-2018 without any policy...
Read More >>

Forum Emphasizes Importance of Cooperation in Regional Initiatives

The forum "Linkfest Talk on Economic Development in Landlocked Countries Part 2" organized by the French Embassy, Alliance...
Read More >>

Bangladesh to Ease Transshipment of Goods with Road Widening Project

The Bangladesh Executive Committee of the National Economic Council approved a road widening project for the 51 kilometer...
Read More >>