Business Desk :
The implementation of the Bangladesh, Bhutan, India and Nepal (BBIN) Motor Vehicle Agreement (MVA) will create the possibility of introducing a sub-regional protocol for a cost-effective, efficient and seamless multimodal transport system, speakers said at a webinar on Wednesday.
It will significantly reduce the cost of doing business and raise the standard of living in the sub-region, they said.
Unnayan Shamannay, a think tank, in collaboration with the CUTS International, organised the webinar under a project styled “Enabling a Political Economy Discourse for Multi-modal Connectivity in the BBIN”.
Speakers said roadways, inland waterways, railway and coastal shipping transport systems must be integrated to reach the potential. Atiur Rahman, chairperson of Unnayan Shamannay and a former governor of the Bangladesh Bank, said the implementation of the BBIN MVA and a multimodal connectivity protocol have become more relevant for economic recovery from the Covid-induced slowdown.
