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Unioin cabinet approved signing of BBIN Motor Vehicle Agreement, personal, vargo vehicular traffic amongst the neighbouring nations which will promote safe, affordable trasnport.

Published: 10th June 2015 03:38 PM  |   Last Updated: 10th June 2015 03:38 PM   |  A+A-

By ENS

NEW DELHI: The unioin cabinet has approved signing of the Bangladesh, Bhutan, India and Nepal (BBIN) Motor Vehicle Agreement for the regulation of passenger, personal and vargo vehicular traffic amongst the neighbouring nations which will promote safe and affordable road trasnport.

The agreement will be signed on June 15 at the BBIN Transport Minister’s meeting in Thimpu, Bhutan. Signing of the agreement will promote safe, economical, efficient and environmentally sound road transport in the sub-region and will further help each country in creating an institutional mechanism for regional integration.

BBIN countries will be benefited by mutual cross border movement of passenger and goods for overall economic development of the region. The people of the four countries will benefit through seamless movement of goods and passenger across borders. Each Party will bear its own costs arising from implementation of this agreement.

A meeting of Secretaries of Transport of the BBIN countries was organized by the Ministry of Road Transport and Highway (MoRTH) in February, 2015 to discuss and finalize the text of the draft BBIN Motor Vehicles Agreement, which is similar to the SAARC Motor Vehicle Agreement (MVA) draft with minor changes.

The Union Cabinet had approved a proposal to sign the SAARC MVA during the SAARC Summit in Kathmandu in November 2014. Unfortunately, it could not be signed due to reservations of Pakistan.

The SAARC declaration at the Kathmandu Summit in November 2014 also encouraged Member States to initiate regional and sub-regional measures to enhance connectivity. Accordingly, it was considered appropriate that a sub-regional Motor Vehicle Agreement among Bangladesh, Bhutan, India and Nepal (BBIN) may be pursued.



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