March 9, 2022
1 min read

India, Bangladesh, Nepal finalise MoU to boost trade and connectivity

The Asian Development Bank provided technical and knowledge support to the meeting…reports Asian Lite News

India, Bangladesh, Bhutan and Nepal held a two-day meeting here to discuss passenger and cargo protocols to operationalise the BBIN Motor Vehicles Agreement (MVA) for the regulation of passenger, personal and cargo vehicular traffic among the participant countries, the Ministry of External Affairs said on Tuesday.

Bhutan participated as an observer in the meeting.

According to MEA officials, this BBIN (Bangladesh, Bhutan, India and Nepal) agreement was signed on June 15, 2015 and the last meeting was held in February 2020 in New Delhi.

During the meeting, an enabling MoU was finalised to be signed by India, Bangladesh and Nepal for implementation of the BBIN MVA by the three countries, pending ratification of the MVA by Bhutan.

Recalling the commitments made at the highest level for the implementation of the BBIN MVA, the delegations expressed their desire to sign the MoU at the earliest to give momentum to the implementation.

The participating countries emphasised the importance of operationalising the BBIN MVA expeditiously to enable seamless movement between them for facilitating trade and people-to-people contact, officials said.

“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 in a statement on Tuesday.

The delegates also agreed on specific steps and timelines to expeditiously finalise the passenger and cargo protocols for the implementation of the BBIN MVA.

The Asian Development Bank provided technical and knowledge support to the meeting.

The Indian delegation was led by MEA Joint Secretary Smita Pant, while the Bangladesh delegation was led by Director General (South Asia) of the Ministry of Foreign Affairs, A.T.M. Rokebul Haque.

The Nepalese delegation was led by Keshab Kumar Sharma, Joint Secretary, Ministry of Physical Infrastructure and Transport, while the Bhutanese observer team was led by Thinley Norbu, First Secretary, Royal Bhutanese Embassy in New Delhi.

ALSO READ-Hasina thanks Modi for evacuating Bangladeshis

Previous Story

Unable to find work, women pushed to fringes in Bengal

Next Story

Russian Ruble in freefall

Latest from -Top News

Beijing Targets Hong Kong Democracy

Latest annual UN report highlighted the growing and sophisticated trend of cross-border repression targeting human rights activists…reports Asian Lite News The United Nations, in its latest report on reprisals, revealed that two

Clearing A Mess in Gaza

Municipalities across Gaza have mobilized their limited resources to clear streets and set up temporary shelters for thousands of displaced families…reports Asian Lite News The conflict has left behind an estimated 55

Gaza, Malaysia to help Gaza Rebuild

Egyptian, Malaysian leaders discuss Gaza aid, reconstruction amid ceasefire…reports Asian Lite News Egyptian President Abdel Fattah al-Sisi and Malaysian Prime Minister Anwar Ibrahim spoke by phone about efforts to support Gaza’s reconstruction,

Netanyahu to Run Again in 2026

When asked whether he expects to win, Netanyahu said, “Yes.”…reports Asian Lite News Israeli Prime Minister Benjamin Netanyahu has confirmed his bid for re-election in the 2026 parliamentary polls. He made the

Lula Calls for Independent Latin America

The remarks came as Brazil and the United States began thawing relations following the tariffs of up to 50 per cent …reports Asian Lite News Brazilian President Luiz Inacio Lula da Silva
Go toTop

Don't Miss

London polls hint at religious consolidation in Indian votes

One of the RSS fronts in Britain campaigned hard in

Oil Drop, India Gains

The decline in oil prices augurs well for the Indian