India Signs BBIN Motor Vehicle Agreement.

15 June, Thimpu

India Monday signed a major motor vehicles pact with Bhutan, Bangladesh and Nepal, BBIN to enable seamless transit of passenger and cargo vehicles among them.

The agreement was signed by the Road Transport and Highways Minister Nitin Gadkari with his Bangladesh, Bhutan and Nepalese counterparts at a meeting in Thimpu, Bhutan.

A joint statement issued after the meeting, said that the agreement will not only reduce transport costs but also foster development of multi-modal transport and transit facilities.

The move will also enable increased connectivity and promotion of greater trade between the four countries. As per the agreement, the four SAARC countries will carry out a six-month work plan from July for the implementation of the BBIN Motor Vehicle Agreement.

According to the statement, India will work on signing a similar motor agreement with Myanmar and Thailand.