Customs-free BBIN Borders to Cut Time, Cost for Traders

7 September 2016

Customs-free borders for Bangladesh, Bhutan, India, and Nepal will save time and money for importers and exporters and thereby increase the ease of doing business, according to an executive of the Federation of Indian Exporters Organisation (FIEO).

The Bangladesh-Bhutan-India-Nepal Motor Vehicles Agreement for the Regulation of Passenger and Cargo Vehicular Traffic (BBIN MVA) will reduce the transaction time and cost for the customer, said Mr. Ajay Sahai, Director General of FIEO.

As part of a trial run for the BBIN MVA, a Bangladeshi truck carrying an imported consignment of ready-made garments rolled into the Customs Inland Container Depot in Patparganj, Delhi, India, on 5 September. The vehicle was affixed with GPS tracking equipment when it entered India through Petrapole and the cargo was sealed electronically. The trial run marks the first step by Indian Customs in adopting cutting edge technology for securing trans-shipment of import cargo.

As goods no longer have to be unloaded at the border, trucks can easily cross borders, reducing time and logistics costs for both buyer and seller. “GPS is a good weapon to track trucks. It will assure security and customers would know the location of the truck,” said Mr. Sahai.

The new trends aim to boost the ease of doing business by doing away with the time consuming and costly process of trans-shipment of goods at international borders.

The BBIN MVA was signed in Thimphu, Bhutan, on 15 June 2015 by the Transport Ministers of the four countries.

 

Related Link:

The fourth meeting of Nepal-Bangladesh commerce joint-secretary level technical committee was held in Kathmandu, Nepal on 22-23 October...

Read More


India and Nepal held a two-day energy secretary level meeting on 14-15 October 2019 in Bangalore, India. The...

Read More


The Government of India has, in principle, allowed Nepal access to three inland waterway routes: (i) Kolkata-Kalughat, Raxaul;...

Read More


The Government of India plans to implement a National Logistics policy to help bring down the logistics cost...

Read More


The Kolkata Customs of the Government of India has granted an 84.33% subsidy for Nepali cargo duty insurance,...

Read More


The 69 kilometer Motihari (India)-Amlekhgunj (Nepal) pipeline, signed by India and Nepal in 2015, was jointly inaugurated by...

Read More


Construction of Colombo's first elevated highway commenced on 10 September 2019 with Sri Lanka Prime Minister Ranil Wickremesinghe...

Read More