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| 1 |
ID:
165533
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| Summary/Abstract |
A major thrust towards forming a new sub-regional grouping was observed when Bangladesh, Bhutan, India and Nepal, also known as BBIN, signed an agreement on 15 June 2015, titled “Motor Vehicle Agreement for the Regulation of Passenger, Personal and Cargo Vehicular Traffic between Bangladesh, Bhutan, India and Nepal”, with an ambition to facilitate seamless movement of passenger, personnel and cargo vehicles within the territories of each other. Signing of the agreement has ushered hope of a new sub-regionalism towards materializing BBIN through seamless transport connectivity. BBIN as sub-regional cooperation is still in formative stage and has to go a long way. This paper aims to evaluate three aspects. What are the developments so far within the framework? What are the challenges ahead of materializing BBIN and transport connectivity in particular? And what are the possible doings to address the concerns? The paper suggests five broad tasks, along with political commitment, to take into consideration: developing comprehensive arrangement; harmonizing standards, rules and regulations; mobilizing funds; exchanging information and research and developing an effective cooperation mechanism.
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| 2 |
ID:
132377
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| Publication |
2013.
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| Summary/Abstract |
Bangladesh is geographically located between two Asian economic power houses - China and India. The gravity model of international trade theory implies that geographical proximity leads to higher volume of bilateral trade. However, very little or no trade takes place among the smaller countries in South Asia that are closely located even though individually they trade more with distant industrialised countries. This clearly implies that there may be other factors, such as lack of transport connectivity and related logistical constraints that give rise to high transaction costs leading to low trade. Nevertheless, Bangladesh has the potential to establish itself as a regional economic and financial hub. It has also been stipulated in the Vision 2021 of the Government of Bangladesh and demonstrated political will through a number of initiatives. Given this backdrop, this paper tries to explain the avenues for tapping the potential of Bangladesh's location through greater connectivity. It also attempts to uncover the whole issues of connectivity given the locational advantage of Bangladesh, identifies the existing bottlenecks that are hindering in deriving multiple economic benefits and suggests how to address these constraints. It reveals that the country has got unique location in the middle of two economic power houses, which, if wisely utilised, can provide wide ranging benefits to vibrate economically.
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