India began implementation of the United Nations TIR Convention to transform the country’s trade and transport by activating regional connectivity and advancing global trade prospects. The TIR Convention provides global access to markets, connecting India to the wider TIR network that includes Iran, Azerbaijan, Russia and Central Asia.
Tags: BBIN, Customs, IMT-MVA, India, Motor Vehicles Agreement, Trade Facilitation Agreement, Transport, WTO
India has proposed a $1 billion line of credit (LOC) to strengthen sea, air, and road connectivity with the Association of Southeast Asian Nations (ASEAN), according to the Ministry of Road Transport and Highways, India. India and Myanmar are working together to upgrade infrastructure in the border areas, including the India-Myanmar-Thailand (IMT) Trilateral Highway, and the Kaladan Multimodal Transit Transport Project.
Tags: India, ASEAN, IMT-MVA, Myanmar, Motor Vehicles Agreement, Transport
The Government of India has taken steps to implement the Bangladesh-Bhutan-India-Nepal (BBIN) Motor Vehicles Agreement (MVA), coordinating with the Governments of Bangladesh and Nepal through the Ministry of External Affairs to enforce the transport agreement between and among themselves, reported Mr. Nitin Gadkari, Road Transport, Highways, and Shipping Minister, India.
Tags: Bangladesh, Bhutan, India, Nepal, Motor Vehicles Agreement, Transport
Good connectivity reduces the cost of doing business and increases the competitive strengths of trading partners. In this commentary, Dr. Mustafizur Rahman, Executive Director, Centre for Policy Dialogue, highlights how a sanitary and phytosanitary agreement and an effective Bangladesh-Bhutan-India-Nepal Motor Vehicle Agreement would promote South Asian integration and step up Asia-wide cooperation.
Tags: BBIN, Motor Vehicles Agreement, Bangladesh, Bhutan, India, Nepal, Transport, Economic corridor
The Asian Development Bank (ADB) is ready to assist Bangladesh in its efforts to improve transport and energy connectivity. Mr. Wencai Zhang, Vice President, ADB, affirmed that ADB will continue to support Bangladesh in its goal of becoming a developed country by 2041, as well as in achieving the Sustainable Development Goals and minimizing climate change impact.
Tags: ADB, Bangladesh, Bhutan, BBIN, Cooperation, Development, Motor Vehicles Agreement, Energy, Investment, Nepal
India is set to join the Transports Internationaux Routiers (TIR), or International Road Transport Convention in its bid to establish seamless trade connectivity with Southeast Asia and Eurasian countries. Through the TIR Convention, India could access Eurasia via the International North-South Transport Corridor. TIR would also give India an advantage in trade with fellow signatories of the Bangladesh, Bhutan, India, Nepal (BBIN) Motor Vehicles Agreement.
Tags: Bangladesh, Bhutan, India, Nepal, Connectivity, Customs, Economic corridor, Harmonization, Motor Vehicles Agreement, Road, Roads, Trade Facilitation, Trade, Transport, BBIN
A new Customs inspection and verification procedure is changing how trade is conducted among South Asian countries. Through the BBIN Motor Vehicles Agreement, cargo and passenger vehicles may now pass through the four countries more smoothly. The simplified process greatly benefits apparel-centric economies, making South Asia more competitive for both global and domestic brands.
Tags: BBIN, Customs, Trade Facilitation, Garments, Imports, Motor Vehicles Agreement, Bangladesh, India, Nepal
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). Because 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.
Tags: BBIN, Customs, Trade, Motor Vehicles Agreement, Bangladesh, Bhutan, India
A new chapter in trade relations and people-to-people contact between Bangladesh, Bhutan, India, and Nepal (BBIN) began on 5 September 2016, as a Bangladeshi cargo truck rolled into the Customs Inland Container Depot, Patparganj, Delhi. Though the vehicle entered India through Petrapole Land Customs Station, Customs clearance was done at the ICD, Patparganj, as part of a trial run of the BBIN Motor Vehicles Agreement.
Tags: BBIN, Trade Facilitation, Transport, Motor Vehicles Agreement, Bangladesh, Bhutan, India, Nepal
Bangladesh President Abdul Hamid, in a meeting with outgoing Bhutan Ambassador to Bangladesh Pema Choden, highlighted how implementation of the Bangladesh-Bhutan-India-Nepal (BBIN) Motor Vehicle Agreement (MVA) will expand the scope of trade and investment in the subregion. They also discussed how bilateral relations between Bangladesh and Bhutan could be enhanced.
Tags: Bangladesh, Bhutan, BBIN, Transport, Motor Vehicles Agreement