India, B’desh, Bhutan and Nepal sign historic pact

Date: June 15, 2015

India Bangladesh Bhutan Nepal

The BBIN Motor Vehicles Agreement 

India, Bangladesh, Bhutan and Nepal signed a historic regional motor vehicle pact on Monday in the Bhutanese capital Thimphu.The BBIN Motor Vehicles Agreement will facilitate transportation of both people and goods among the four SAARC member countries.The BBIN agreement is expected to help revive the stalled South Asian Association for Regional Cooperation motor vehicles agreement, which was approved during the SAARC Summit in November, 2014.

The signing of the BBIN would promote safe, economical, efficient and environmentally sound road transport in the region and would further help each country in creating an institutional mechanism for regional integration.Each party will bear its own costs arising from implementation of this agreement.A meeting of Secretaries of Transport of the BBIN countries was organised in February 2015 to discuss and finalise the draft of the BBIN pact, which is similar to the SAARC Motor Vehicle Agreement (MVA) draft with minor changes.The transport ministers of the four countries will sign the pact.

Government of India approved the signing of a motor vehicles pact between India and three other nations this week.

prepareias


BBIN MOTOR VEHICLE PACT:

-Pact will help revive SAARC motor vehicles agreement approved in SAARC Summit, 2014

- Safe, economical, efficient and environmentally sound road transport in the region

-Help each country in creating an institutional mechanism for regional integration

- Each country will bear its own costs arising from implementation of agreement

Source: DDNews