Indian Cabinet also clears motor vehicle agreement

Indian Cabinet has cleared the Bangladesh, Bhutan, India and Nepal (BBIN) Motor Vehicle Agreement. The deal will be signed by the secretaries of the concerned ministries of the four SAARC countries on June 14 in Thimpu, Bhutan. The four countries’ ministers will ink it in Thimpu the next day (June 15), Press Information Bureau of India said. It said the Cabinet approved the BBIN Motor Vehicle Agreement on Wednesday. The BBIN agreement aims at regulating passengers, personal and cargo vehicular traffic amongst BBIN. It will promote safe, economical efficient and environmentally sound road transport in the sub-region and further help each country in creating an institutional mechanism for regional integration, the Indian Press Information Bureau said. BBIN countries will be benefited by mutual cross border movement of passenger and goods for overall economic development of the region, it said adding that people of the four countries will benefit through seamless movement of goods and passenger across borders and each party will bear its own costs arising from implementation of the agreement, according to a news agency.