The Fourth BIMSTEC Summit called for some important developments and decisions on part of the member states representatives. Each voiced their opinion and thoughts with the common goal of regional cooperation and regional development.
With common areas of concern including connectivity trade, investment, tourism, climate change, transnational crime, terrorism and peace & security, the BIMSTEC member states representatives pitched for enhanced cooperation.
Reiterating BIMSTEC’s immense potential, representatives pointed out that every member has to utilize the co-operation’s full potential. They also pledged their firm commitment to strengthening the sub-regional collaboration for mutual prosperity.
Host Country’s PM Oli’s Message:

“Above all, it is our commitment — a commitment for deeper integration of our economies, of our trade and commerce. It is a commitment espoused over two decades ago, as a thoughtful response to seize the opportunities of globalization and shifting of the economic locus to Asia,” said Oli.
Pointing that the region must first focus on eliminating poverty to realize its full potential, Oli said that the BIMSTEC Poverty Plan of Action must be fully implemented.
Addressing ‘climate change’ he says, member states should build stronger ties to adapt and eliminate this menace.
“Strong political will, coupled with right mix of policies, institutions, and resources could ensure the success of BIMSTEC,” he said.
Coming to connectivity, Oli said connectivity of infrastructure & industries and connectivity of markets have the power to trigger multiplier effects to ignite innovation, spur growth and propel progress.
“I underline the importance of developing and operationalizing a Buddhist Circuit in the region to promote connectivity and tourism,” Oli said.
PM Modi’s Address at BIMSTEC

“Each of our countries seek peace, prosperity and happiness, but in today’s interconnected world, we cannot achieve this alone,” said PM Modi.
PM Modi called on member states representatives to take the BIMSTEC Coastal Shipment & Motor Vehicle Agreement-related process forward.
Also talking about regional cooperation with Sri Lanka, Nepal, and Thailand he said, “We are committed to expanding digital connectivity in Sri Lanka, Nepal, Thailand and other countries.
Furthermore, creating an opportunity for the development of arts and culture, he said that they will set up a center for Bay of Bengal Studies in Nalanda University for conducting research on arts, culture, and maritime laws.
Bangladesh PM Sheikh Hasina’s Message:

Speaking about BIMSTEC’s success over the last two decades, Hasina said that the co-operation had a long way to go to achieve success through the adoption of a consolidated legal framework and substantial engagement for visible results.
She also highlighted the need for trade promotion and free trade area.
Bhutan’s Chief Justice Tshering Wangchuk’s Message:

Wangchuk also emphasized on the need for enhanced co-operation in areas such as trade, regional integration, connectivity, security, people-to-people contact and climate change.
Myanmar Pres. Win Myint & Sri Lankan Pres. Maithripala Sirisena

He shared similar views with Indian PM Modi on terrorism and extended active cooperation in fighting terrorism. However, he mentioned that the region is still in the grip of poverty.
Sri Lankan President Sirisena stated that all BIMSTEC states were facing similar political and social problems and enhanced collaboration could address these common problems.
Thailand PM Prayut Chan-O-Cha’s Message:

He also stressed on early finalization of the Motor Vehicle Agreement.
The Fourth BIMSTEC Summit ended today, with the signing of the 18-point Kathmandu Declaration.
The declaration includes issues like agricultural technology exchange, fight against terrorism, gradual reduction of climate change impacts, increased trade and investment and easing the visa processing for the BIMSTEC member states citizens.
Following the conclusion of the summit, the member states have agreed to connect the countries through highway, railway, air, sea and power-transmission line.
The member states have also firmly resolved to eradicate poverty from the region by 2030 in line with the UN Sustainable Development Goals. Similarly, they have pledged to stand against terrorism.
Conclusion:
We wish the countries luck for their endeavors and hope that they are able to provide timely support and co-operation for meeting the development goals of the BIMSTEC region.
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