Bhutan delaying ratification of vehicle movement pact not a

Image
Press Trust of India New Delhi
Last Updated : May 03 2017 | 7:48 PM IST
India today refused to take as a "setback" Bhutan's decision of not immediately ratifying a sub-regional connectivity initiative, saying it is natural that all members cannot move at the same speed and that it will remain engaged with the Bhutanese government.
External Affairs Ministry spokesperson Gopal Baglay said, "It is our understanding that all members of BBIN (Bangladesh -Bhutan-India-Nepal) are fully committed to sub-regional cooperation within BBIN framework."
Last week, Bhutan had announced that it would not be ratifying the BBIN Motor Vehicles Agreement (BBIN MVA) for the time being and asked other stakeholders to go ahead with the plan without it.
Baglay said, "It is natural that all members cannot move at the same speed on all matters. We continue to consult with the BBIN members on ways and means to foster sub-regional cooperation in areas of common interest."
"But it is not a setback and it is not a rejection," he added.
The Bhutan foreign ministry, in a statement, had said while the other three countries in the grouping have already ratified the agreement, the Royal Government of Bhutan is in the process of completing its internal procedures for ratification to address the concerns raised by the domestic stakeholders.
To facilitate the early implementation of the BBIN MVA, Bhutan said it had decided to give its consent to the other three member states to go ahead with the pact implementation.
Right from the time the BBIN MVA was tabled for ratification, the draft legislation faced opposition in Bhutan. There have been fears of vehicular pollution and environmental degradation if trucks from neighbouring countries are given access to Bhutan.
To boost trade relations, India had proposed a regional cooperation pact in 2014 which entailed building a freight corridor connecting the south Asian nations with each other.
The MVA was proposed to reduce transport costs drastically and foster development of multi-modal transport facilities for a better connectivity among the four countries.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 03 2017 | 7:48 PM IST

Next Story