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Deepening Regional Integration
In a major bid to facilitate cross-border transportation and trade, Bangladesh, Bhutan, India and Nepal signed the landmark Motor Vehicle Agreement in June 2015. Is this agreement capable of unlocking the huge trade potential of these countries and deepening regional integration in a region known to be the least integrated in the world? This note attempts to address some of these questions, reviews the salient features of the agreement and discusses the challenges involved in its implementation.
The author has benefited from discussions with Yann Duval, Abid Khan, Achyut Bhandari and Pushpa Raj Rajkarnikar. The views expressed by the author are his own.
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