BIMSTEC Current Affairs - 2020

Nepal to host 4th BIMSTEC Summit 2017

The fourth edition of BIMSTEC Summit-2017 will be held in Nepal. It was announced in the 17th session of BIMSTEC Senior Officials’ Meeting (SOM) held in Kathmandu, capital Nepal.

In this meeting, delegates of seven member countries reviewed the progress made by BIMSTEC and recommended future course of action to strengthen regional cooperation among the group.

The importance of BIMSTEC was highlighted during the BRICS-BIMSTEC Outreach Summit held at Goa in October 2016. In this summit, Indian Prime Minister Narendra Modi had expressed his desire to promote BIMSTEC and assured full cooperation it needs to move on.

About BIMSTEC (Bay of Bengal Initiative on Multi Sectoral Technical and Economic Cooperation)

  • The BIMSTEC is the sub-regional group of seven countries in South Asia and South East Asia lying in the littoral and adjacent areas of the Bay of Bengal constituting a contiguous regional unity.
  • They are India, Nepal, Bangladesh, Bhutan, Sri Lanka from South Asia and Myanmar, Thailand from South East Asia.
  • Established: 6 June 1997 through the Bangkok Declaration.
  • Headquarters: Dhaka, Bangladesh.
  • Objectives: Technological and economical cooperation among south Asian and south East Asian countries along the coast of the Bay of Bengal.
  • It also covers cooperation in commerce, technology, investment, agriculture, tourism, human resource development, fisheries, transport and communication, textiles, leather etc.

BIMSTEC countries express commitment to combat terrorism in all its forms

The BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) countries have expressed commitment to combat terrorism in all its forms and manifestations.

In this regard, seven nations of BIMSTEC countries have issues Leaders Retreat Outcome Document emphasising that there can be no justification for acts of terror.

Key Highlights of document

  • BIMSTEC countries strongly condemned the recent terror attacks in the region.
  • The states who encourage and support provide sanctuary to terrorists should be identified and held accountable. Strong measures against such states must be taken.
  • They recognised the need for urgent measures to counter and prevent the spread of terrorism, violent extremism and radicalization.
  • They renewed their commitment to the early conclusion of BIMSTEC Free Trade Area negotiations, and direct the Trade Negotiating Committee and Working Groups to expedite the finalization of its constituent Agreements.
  • They agreed to expedite the signing of the BIMSTEC Convention on Mutual Assistance in Criminal Matters.
  • They also called for early ratification of the BIMSTEC Convention on Cooperation in Combating International Terrorism, Transnational Organized Crime and Illicit Drug Trafficking.
  • They also stressed the necessity of pursuing sustainable development and of the implementation of the Paris Agreement on Climate Change.
  • They also recognized that cooperation in sustainable development of fisheries in Bay of Bengal region for ensuring food security and improving livelihoods of people.

About BIMSTEC

  • BIMSTEC (Bay of Bengal Initiative on Multi Sectoral Technical and Economic Cooperation) is the sub-regional group of seven countries in South Asia and South East Asia lying in the littoral and adjacent areas of the Bay of Bengal constituting a contiguous regional unity.
  • They are India, Nepal, Bangladesh, Bhutan, Sri Lanka (from South Asia) and Myanmar, Thailand (from South East Asia).
  • Established: 6 June 1997 through the Bangkok Declaration.
  • Headquarters: Dhaka, Bangladesh.
  • Objectives: Technological and economical cooperation among south Asian and south East Asian countries along the coast of the Bay of Bengal.
  • It also covers cooperation in commerce, technology, investment, agriculture, tourism, human resource development, fisheries, transport and communication, textiles, leather etc.