Motor Vehicles Agreement (MVA)                        

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Context: Bangladesh, India, Nepal moving ahead on Motor Vehicles Agreement (MVA) of the sub-regional Bangladesh-Bhutan-India-Nepal (BBIN) project. Bhutanese parliament has decided not to endorse the plan over sustainability and environmental concerns.

About Motor Vehicles Agreement (MVA):

• In 2015, Bangladesh-Bhutan-India-Nepal signed the Bangladesh-Bhutan-India-Nepal (BBIN) Motor Vehicles Agreement.
• World Bank has analysed the pact and said that a “trust deficit” between the two countries was a major reason why there was no seamless movement of cargo between the two countries.
• Major gaps that need to address in the MVA include inadequate transport infrastructure, protective tariffs and nontariff barriers
• It will promote safe, economical efficient and environmentally sound road transport in the sub-region and will further help each country in creating an institutional mechanism for regional integration.
• Asian Development Bank has supported the project as part of its South Asian Subregional Economic Cooperation programme.

https://www.thehindu.com/news/national/bangladesh-india-nepal-move-ahead-on-motor-vehicle-agreement-project/article65205145.ece