As a result, the BBIN MVA framework agreement was signed by these countries on 15 June 2015 and draft protocols (distinct for passenger cars and passenger cars) are being finalised for implementation. While the political will of the region is generally fostered at this stage, it is likely that countries will face several challenges in making this intention a reality at the highest level. Freight traffic between countries in the region is mainly through transshipment agreements at border crossing points. Issues such as procedural delays, infrastructure bottlenecks (particularly parking and storage facilities and the safety of loading facilities), corruption, governance issues, etc., exacerbate and complicate the problems. The possibility of replacing large-scale transload operations with a simple cross-border vehicle transport with a motor vehicle agreement between countries was the need for an hour that has the potential to effectively circumvent many of these barriers. According to a press release from the Ministry of Foreign Affairs in New Delhi, India, Bangladesh and Nepal decided to facilitate the movement of cargo and passenger vehicles within the three nations only after receiving the green light from Bhutan. B2B Cargo routes are not included in BBIN. The envelope remains the most economical mode of transit. Because most vehicles are empty.
The BBIN routes are asymmetrical in favour of India, which connects the India-BD-India roads. For others, regional transit trades are insignificant and existing modes of transport remain the least expensive option…. Read more The BBIN MVA can be a game change for neighborhood cooperation. For the first time, these countries have decided to exchange their traffic rights and allow the transit of freight and passenger vehicles within and beyond international borders. The priority is to develop functional transport corridors and then transform them into economic corridors. These economic corridors are expected to play a key role in strengthening existing value chains and creating new values. New Delhi has taken the lead in negotiations on the four-nation agreement, which, if implemented, would have allowed vehicles registered in one of the four countries to enter or continue smoothly into the other three countries. Officials from India, Bangladesh and Nepal met in New Delhi and agreed to sign a trilateral Memorandum of Understanding similar to the Four Nations Pact signed on 15 June 2015, but which would only be effective for transporting vehicles within the three nations without obligation to Bhutan. They also agreed to work quickly on two separate protocols that, when completed, will govern the transport of passengers and goods between the three nations.