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4 SAARC Countries Move to Finalize Motor Vehicles Agreement
Feb 14, 2015

Senior officials from India, Bangladesh, Bhutan and Nepal met recently at Raichak near Kolkata to finalize a Motor Vehicles Agreement (MVA) for a seamless transit of passenger and cargo vehicles between their countries and draw up plans for its speedy implementation. It is expected to be signed at a meeting of Transport Ministers of the four countries to be held soon this year.

Key Features :

  • The agreement will allow passenger, personal and cargo vehicles to travel along designated key routes in the four SAARC countries without the need for trans-shipment of goods and passengers at the border crossings. 

  • The arrangements for implementing the agreement will be spelt out through protocols that the four neighboring countries will negotiate separately under the framework of this agreement.

  • Concerned nations agreed to set up individual national committees and a sub-regional joint committee for overall facilitation of land transport and to coordinate and monitor the agreement’s implementation. 

  • The sub-regional agreement would be a parallel initiative to the proposed SAARC transport agreement for which ongoing efforts to find early resolution would continue. 

  • The membership of this sub-regional agreement would be open to all other neighbouring countries, should they so desire. 

  • Upon implementation, the agreement will reduce costly and time-consuming unloading and loading of people and goods at the border crossing points making cross-border trade more efficient. 

  • It would help transform transport corridors linking the four countries into economic corridors and enhance people to people contact. 

  • Building on the progress made in negotiating and finalizing the SAARC Motor Vehicles Agreement, this agreement would facilitate the transit of all types of vehicles between the contracting parties as is prevalent in other common markets like the European Union. 

The delegates of the four-country recognized the urgent need to ease the movement of passenger and goods across their borders to stimulate trade and commerce. 

 


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