[CUTS-TradeForum] Benefits of the TIR Convention for the implementation of the BBIN Motor Vehicles Agreement.

From: CUTS International

Benefits of the TIR Convention for the implementation of the BBIN Motor Vehicles Agreement

CUTS Report

August 2017

The Bangladesh, Bhutan, India, Nepal (BBIN) region is poised to become an effective trade nexus, with steady progress made in recent years through various unilateral, bilateral, regional and multilateral arrangements. However, efforts to liberalise regional trade have faced challenges. 

Ineffective transit agreements, non-existent common guarantee mechanisms and insufficient transit harmonisation procedures place limits on the capacity for growth. A number of studies suggest that inadequate attention has been given to trade and transport facilitation measures with the necessary transformative potential to address elements. such as efficiency of customs, quality of transport, cost of international and domestic transport and related border procedures. 

The BBIN region’s transit and transport connectivity faces a number of challenges. This includes soft and hard infrastructure barriers that hamper the efficient movement of vehicles across borders. This, in turn, is hampering the growth of intra-regional trade and investment – which places limits on broader ambitions for the region relating to development, sustainability and economic growth.

Please read this report at:

http://www.cuts-citee.org/pdf/Benefits_of_the_TIR_Convention_for_the_implementation_of_the_BBIN_Motor_Vehicles_Agreement.pdf

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