What's New :
History Foundation 2022 (Batch - 6): Batch will be started from 10th December, 2021
Public Administration Foundation 2022 (Batch - 7), New Batch will be started from 13th December, 2021
Political Science Foundation 2022 (Batch-4), Batch will be started from 09th Dec, 2021
IAS Foundation 2023-24: New Batch will be started from 14th December, 2021

Progress of BBIN project

  • Category
    World Affairs
  • Published
    18th Apr, 2019
  • Bhutan government is to again place bill for ratification of BBIN initiative at its upper senate after the failed previous attempt.
  • Bangladesh, India and Nepal have implemented the agreement but Bhutan is yet to accord its ratification of the agreement.

Issue

Context

  • Bhutan government is to again place bill for ratification of BBIN initiative at its upper senate after the failed previous attempt.
  • Bangladesh, India and Nepal have implemented the agreement but Bhutan is yet to accord its ratification of the agreement.

About:

Bangladesh, Bhutan, India and Nepal (BBIN) Motor Vehicle Project

  • One of the major policy initiatives among national governments in Asia in recent years is directed towards developing sub-regional, regional and trans-regional corridors with the aim to further connect and integrate their economies. One such initiative is proposed Bangladesh, Bhutan, India and Nepal (BBIN) Motor Vehicle Project.
  • Signed in 2015, it seeks to facilitate seamless trade and travel by improving rail and road connectivity in the region.
  • It is the first sub-regional pact in South Asia with MVA as an umbrella agreement prepared along the European Union pattern.The South Asia Growth Quadrangle (SAGQ) is a precursor to the BBIN initiative
  • It is currently pursued as a diplomatic priority from Indian side inan effort to showcase that Pakistan’s intransigence has been the main roadblock to regional integration in South Asia.
  • The Asian Development Bank has been providing technical, advisory, and financial support to the BBIN MVA initiative as part of its assistance to the south Asia sub-regional economic cooperation (SASEC) programme, a projects-based economic cooperation initiative that brings together the BBIN countries, Maldives, Sri Lanka and more recently, Myanmar.
  • Over five years, 30 road projects were to be implemented at a cost of $8 billion – to fill in, and upgrade, connectivity gaps.
  • Several trial runs of the BBIN Motor Vehicle Agreement are underway. One of the recent one being Bangladesh-Nepal bus service through India.

Bangladesh-China-India-Myanmar (BCIM)

It is an economic corridor project which will link Kolkata with Kunming, the capital of China’s Yunnan province, passing through Myanmar and Bangladesh, with Mandalay and Dhaka among the focal points.

One of the strategic factors driving the corridor is reduction of reliance on the Straits of Malacca, militarily dominated by the U.S.

In recent years, the initiative has made some forward movements, breaking a long impasse, but as it makes progress there are new dilemmas and challenges on how to take it forward.

One such problem area is the proposed route enters a small portion of Arunachal Pradesh over which India and China have a territorial dispute. A part of this stretch is also insurgency-prone, and therefore unsafe.

Background

Formation:The BBIN project was conceived when SAARC at its 18th Summit in Kathmandu failed to sign a SAARC Motor Vehicles Agreement in November 2014—chiefly because of Pakistan. As an alternative, after the summit India re-packaged the agreement as BBIN forum together with otherthree countries of South Asia. It has kept the doorsopen for those outside to join when they felt comfortable to do so.

BBIN still is not projected as a breakaway group but a cohesive group, given the growing trade, economic and infrastructure connectivity that exist between these countries.

You must be logged in to get greater insights.
X
Enquire Now