New Delhi: India, Bangladesh and Nepal finalised an enabling MoU to be signed by them for the implementation of the BBIN Motor Vehicles Agreement (MVA), pending ratification of the MVA by Bhutan. The MoU was finalised at a meeting of the three nations on the Bangladesh, Bhutan, India, Nepal (BBIN) MVA here on March 7-8, 2022. Bhutan participated in the meeting as an observer.
The meeting was held to discuss the passenger and cargo protocols that are essential to operationalise the BBIN MVA for the regulation of passenger, personal and cargo vehicular traffic between Bangladesh, Bhutan, India and Nepal, signed on June 15, 2015. This is the first meeting of the group since the outbreak of the COVID-19 pandemic. The last meeting was held in February 2020 in New Delhi.
The countries emphasised the importance of operationalising the BBIN MVA expeditiously to enable seamless movement between them for facilitating trade and people-to-people contact, the Ministry of External Affairs said in a statement. Operationalising the MVA by concluding the passenger and the cargo protocol will help realise the full potential of trade and people to people connectivity between the BBIN countries by fostering greater sub-regional cooperation, the MEA said.