5th BIMSTEC Summit

BIMSTEC Summit

• GS Paper 2: International Relations- India and its neighbourhood- relations.

5th BIMSTEC Summit

• Recently, the Prime Minister of India participated in the 5th BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) Summit.
• The 5th BIMSTEC Summit is hosted in virtual mode by Sri Lanka, the current chair of BIMSTEC.

India at BIMSTEC Summit 2022

• India highlighted the importance of enhanced BIMSTEC regional connectivity, cooperation and security, and made several suggestions in this regard.
• Indian Prime Minister called upon fellow leaders to strive to transform the Bay of Bengal into a Bridge of Connectivity, Prosperity, and Security among the BIMSTEC-member countries.

BIMSTEC Agriculture Meet

5वां बिम्सटेक शिखर सम्मेलन

5th BIMSTEC Summit Theme

• 5^th BIMSTEC Theme: The 5^th BIMSTEC Summit’s theme is “Towards a Resilient Region, Prosperous Economies, Healthy People”.
• BIMSTEC Theme captures the efforts by BIMSTEC to develop cooperation activities that support member state’s program to deal with the economic and development consequences of the Covid-19 pandemic.

PANEX-21 Exercise: Pune hosted PANEX-21 Military Exercise

Key Outcomes of the 5^th BIMSTEC Summit

• The main outcome of the 5^th BIMSTEC Summit 2022 was the adoption and signing of the BIMSTEC Charter.
  • BIMSTEC Charter formalizes the grouping into an organization made up of members states that are littoral to, and dependent upon, the Bay of Bengal.
• The Summit also saw considerable progress being achieved in the BIMSTEC connectivity agenda with the adoption of the ‘Master Plan for Transport Connectivity’ by Leaders.
  • Master Plan for Transport Connectivity: It lays out a guidance framework for connectivity-related activities in the region in the future.
• Signing of three BIMSTEC agreements: These represent progress being achieved in ongoing cooperation activities-
  • BIMSTEC Convention on Mutual Legal Assistance in Criminal Matters;
  • BIMSTEC Memorandum of Understanding on Mutual Cooperation in the field of Diplomatic Training and
  • Memorandum of Association on Establishment of BIMSTEC Technology Transfer Facility.

Key Points about BIMSTEC Countries

• The BIMSTEC was founded in 1997 to provide a unique link between South and South-East Asia with 5 countries – Bangladesh, Bhutan, India, Nepal and Sri Lanka from South Asia and two countries – Myanmar and Thailand from South-East Asia.
• Cooperative areas: The countries came together as one platform for cooperation in 14 key economic and social sectors of the economy.
  • Initially, six sectors- trade, technology, energy, transport, tourism and fisheries were included for sectoral cooperation which was later expanded to 14 areas of cooperation.
• BIMSTEC Headquarter: BIMSTEC headquarters at Kathmandu, Nepal.
• The 17th BIMSTEC summit was held in Sri Lanka in April 2021.
• BIMSTEC New Secretary General: Tenzin Lekphell.
• Objective: To pursue mutual trade, connectivity, and cultural, technical, and economic development in the region.

BIMSTEC Agriculture Meet

BIMSTEC Agriculture Meet

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