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