India signs Motor Vehicles Agreement with Bangladesh Indian and Bangladesh is set to sign a historic contract wherein cargo trucks from both sides will be allowed to ply within every other’s territories. This will be for the 1st time when India will enter such a contract with any of its neighboring countries with which it has land connectivity. The contract known as the ‘Motor Vehicles Agreement’ had been pending for more than five years now. The ministry of commerce and industry has presented them the draft proposal earlier this year. While the government of Bangladesh is still examining the proposal it is likely that the deal will be able to finally go through before India head for elections next year. Bangladesh has already agreed to the suggestion multilaterally under the SAFTA framework. Presently, trucks from both sides are allowed to enter 150 kilometer (km) within each side of the border where they unload and pick up the cargo. Though, under the planned contract, trucks from Bangladesh will receive permission to drive till their destinations where it will unload the cargo. Inadequate warehousing, cargo handling equipments, customs and immigration facilities and means of communication at some of the road and rail based land ports on both sides continues to impede 2 way business. Bilateral transport contract such as the Comprehensive Motor Vehicular Agreement is wanted for seamless cross movement of cargo up to the delivery point and undoing the inconvenience of physical trans-shipment of goods at borders, which would to a large extent assist in overcoming the current requirement of trans-shipment of cargo at the border points.
Posted on: Wed, 30 Oct 2013 05:53:41 +0000
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