4.2. Potential

♤ Once implemented thoroughly, they have the potential to increase India’s-regional trade within South Asia by almost 60% and with the rest of the world by over 30%.

♤ This would be a visible advantage for South Asia with transport corridors transformed into economic corridors.

♤ The BBIN Agreement signals that relations which were earlier characterized by trust- deficit among countries are now decisively moving towards a national political consensus for cooperation among the neighbours.