[🇧🇩] BIMSTEC for Regional Prosperity

[Saif]

Source : https://thefinancialexpress.com.bd/views/opinions/bimstec-and-regional-prosperity

BIMSTEC and regional prosperity
MIR MOSTAFIZUR RAHAMAN
Published :
May 15, 2024 22:10
Updated :
May 15, 2024 22:10

The emergence of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) was seen as a major development in promoting regional cooperation in South Asia.

As the South Asian Association of Regional Cooperation (SAARC) has failed to meet the aspirations of its members in building a true and effective alliance, many considered the BIMSTEC as an alternative platform for regional cooperation in South Asia.

The SAARC, which was launched in the early 80s, has eight member countries including Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka. But from its very inception, a section of its members treated it with suspicion and mistrust.

Mainly the sheer rivalry and mistrust between the two nuclear-powered members -India and Pakistan, the SAARC has failed to become an effective tool for regional cooperation even after three decades of its existence.

BIMSTEC has gained popularity among South Asian countries as a platform for regional cooperation and is seen as a bridge between South Asian and South East Asian countries.

Initially, BIMSTEC was called BIST-EC, i.e., Bangladesh, India, Sri Lanka and Thailand Economic Cooperation. After the inclusion of Myanmar, the organisation was renamed Bangladesh, India, Myanmar, Sri Lanka and Thailand Economic Cooperation (BIMST-EC). Later with the joining of Nepal and Bhutan in the grouping, it was named BIMSTEC, which is Bangladesh, India, Sri Lanka and Thailand Economic Cooperation.

With five countries from South Asia and two from ASEAN, the platform has emerged as a natural one for building effective regional cooperation in the South Asian region.

Setting up of the BIMSTEC secretariat in Dhaka, Energy Centre in Bengaluru in India, and formation of the BIMSTEC Business Council, a forum for business organisations to promote regional trade are seen as encouraging developments in the right directions.

Apart from these, several committees have been formed to oversee developments in various sectors, like the BIMSTEC Transport Connectivity Working Group.

However, recently questions have been raised whether it would have the same fate as the SAARC because of several factors.

Irregular holding of the BIMSTEC summit, the highest decision-making body of the organisation, has been a major concern since its inception. The BIMSTEC summit has taken place only thrice until now.

The secretariat also lacks proper resources which impedes its performance.

The delay in the adoption of the Free Trade Agreement (FTA), a framework that was agreed upon in 2004, is also seen as a major weakness of the platform.

The first BIMSTEC summit was in Bangkok, Thailand in 2004. The second and third summits were held in New Delhi, India in 2008 and Nay Pi Taw, Myanmar in 2014.

BIMSTEC covers a significant area of the world with large population that needs rapid growth.

BIMSTEC is home to 1.8 billion people, which is 22 per cent of global population, and is larger than the population of ASEAN (approx. 679.69 million) and EU (448.4 million) countries together.

Also, the combined GDP of BIMSTEC member States amounts to USD 4.5 trillion in 2022, which is 4.5 per cent of global GDP.

Through ensuring free trade, better connectivity, joint infrastructure development, cooperation in different sectors, BIMTEC can be a an effective platform in promoting growth which is essential for this region where a large chunk of the people are still fighting poverty and inequality.

Given the friendly relationship among member states, the BIMSTEC can be a true and effective multilateral mechanism for providing the Bay of Bengal nations an opportunity to work together to create a common space for peace and development.

So, a strong political will of the leaders of the member states is crucial to making BIMSTEC an effective and result-oriented platform of regional cooperation which can pave the way for peace and prosperity for millions of people.​

 

[Saif]

BIMSTEC: Transforming into a successful regional organisation

Explore the journey of BIMSTEC from its inception in 1997 to becoming a key player in regional cooperation, fostering peace and prosperity in the Bay of Bengal region.

en.prothomalo.com

BIMSTEC: Transforming into a successful regional organisation
Prothom Alo English Desk
Published: 06 Jun 2024, 13: 42

In a historic development, the BIMSTEC Charter entered into force on 20 May 2024. It was signed on 30 March 2022 by the leaders of BIMSTEC member States in Colombo, Sri Lanka. The Charter articulates the long-term vision and commitment of the BIMSTEC member States to cooperate through the BIMSTEC framework to realise a peaceful, prosperous and secure Bay of Bengal region. The Charter establishes the legal and institutional framework for cooperation in the region; confers legal personality on the Organisation; enables admission of new members and observers; and empowers conclusion of agreements with other countries and organisations.

It enables the BIMSTEC to engage with the UN and other International Organisations as well as Regional Organisations to pursue development partnerships to enhance cooperation in Bay of Bengal region to deal with the shared developmental and security-related challenges.

On 6 June 2024, BIMSTEC completes 27 years of its journey that started in Bangkok in 1997, as "Bangladesh, India, Sri Lanka, Thailand Economic Cooperation" (BIST-EC) when these four countries came together to sign the Bangkok Declaration, committing to utilise the synergies in their capabilities and resources for their development. When Myanmar joined the group in 1997, BIST-EC became BIMSTEC (Bangladesh, India, Myanmar, Sri Lanka, Thailand – Economic Cooperation). Later, when Bhutan and Nepal joined in 2004, the BIMSTEC was renamed "Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation".

Regional cooperation under BIMSTEC has made steady progress and has been gaining momentum. It has been anchored by the BIMSTEC Secretariat, which was established in Dhaka, Bangladesh, in September 2014 and is headed by its Secretary General. In 2018, it was decided that the vision and goals of regional cooperation under the BIMSTEC should be constitutionalised in a Charter; eventually it was signed in March 2022 and entered into force on 20 May this year.

The BIMSTEC region is home to over 1.8 billion people, approximately 22% of the global population. The combined external trade of the BIMSTEC member States in 2022 amounted to USD 1.95 trillion while their combined GDP was estimated at USD 4.5 trillion

To read the rest of the news, please click on the link above.​

 

[Saif]

প্রধানমন্ত্রীকে পেয়েই 'বিমসটেক নিয়ে' ভাবার পরামর্শ দিলো ভারত!

 

[Saif]

BIMSTEC: Modi discusses further strengthening regional cooperation in diverse areas

Foreign Ministers from the BIMSTEC Member States jointly met Indian Prime Minister Narendra Modi in New Delhi on Friday. He had "fruitful discussions" with the group of Ministers on further strengthening the regional cooperation in diverse areas including connectivity, energy, trade, health, agric

thefinancialexpress.com.bd

BIMSTEC: Modi discusses further strengthening regional cooperation in diverse areas
UNB
Published :
Jul 12, 2024 20:03
Updated :
Jul 12, 2024 20:03

Foreign Ministers from the BIMSTEC Member States jointly met Indian Prime Minister Narendra Modi in New Delhi on Friday.

He had "fruitful discussions" with the group of Ministers on further strengthening the regional cooperation in diverse areas including connectivity, energy, trade, health, agriculture, science, security and people to people exchanges.

Modi stressed the role of BIMSTEC as an engine for economic and social growth.

He reaffirmed India's commitment to a peaceful, prosperous, resilient and safe BIMSTEC region and highlighted its significance to India's Neighbourhood First and Look East Policies as well as in its SAGAR vision for Security and Growth for All in the Region.

Modi expressed India's full support to Thailand for the upcoming BIMSTEC Summit to be held in September.

Foreign Minister Hasan Mahmud attended the meeting.​

 

[Saif]

Bimstec yet to make substantial progress in trade: experts

The Bimstec FTA should be concluded within a year, they opined

www.thedailystar.net

Bimstec yet to make substantial progress in trade: experts

The Bimstec sees trade as one of its priority areas, but the grouping of seven countries, including Bangladesh, is yet to make any substantial progress in boosting trade among its member states in South Asia and Southeast Asia.

The bloc, which began its journey in 1997, has not yet made any substantial progress in the reduction of tariff and non-tariff measures (NTMs), streamlining of regulatory frameworks and harmonisation of standards, according to the declaration of the third Bay of Bengal Economic Dialogue 2024 concluded on July 12 in Bangkok.

The dialogue took place ahead of the sixth Bimstec Summit, which is scheduled to take place in Thailand in September this year.

The South Asian Network on Economic Modeling (Sanem) in collaboration with the Chulalongkorn University, the Institute of Trade and Development (ITD) and The Asia Foundation (TAF) organised the dialogue.

Over 100 senior experts, scholars, diplomats and practitioners attended the two-day event.

The declaration, citing Bimstec's bid to accelerate the finalisation of Bimstec Free Trade Area (FTA), urges the leaders to expedite the finalisation of the FTA and implement strategic initiatives to drive sustainable development and regional stability.

"Trade and transit facilitations must be given top priority along with energy and digital connectivity," said the declaration, adding, "The conference recommended that the Bimstec FTA should be concluded in a-year time."

It said productivity enhancement, knowledge exchange and mutual recognition of standards and certification, paperless trade and currency cooperation could make the Bimstec FTA more effective, said the declaration.

The conference has recommended setting up a digital dashboard on trade barriers with coverage on NTMs, it added.

The intra-regional trade within Bimstec—the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation—remains low around 7 percent to total trade, according to a recent article of Sanem Executive Director Selim Raihan.

He said the share of Bimstec intra-regional trade remains higher than the Saarc region.

But it lags significantly behind Asean approximately by 25 percent, he added.

Raihan, a professor of economics at Dhaka University, said a deficit in political commitment from the leaders of member countries is a crucial factor limiting Bimstec's advancement.

The Bangkok declaration following the dialogue said the geographical contiguity, abundant natural and human resources, rich historical linkages and shared cultural heritage are some of the unique advantages that Bimstec enjoys.

"Bimstec shares high trade potential and economic complementarities. Not only an energy hotspot, Bimstec's strategic location is its greatest asset," it said.

The declaration said Bimstec, with its unique geographic location, can play a role in bridging South Asia and Southeast Asia through trade and connectivity.

"Second, Bimstec member states are surrounding the Bay of Bengal, which is not only a space to support regional trade and transport connectivity but it also connects international maritime trade routes between the Indian Ocean and the Pacific Ocean."

"Maritime and digital connectivity is the key in trade and security."

The declaration said the Bimstec member states are a powerhouse in some of the global products such as garments (Bangladesh), digital services (India), maritime services (Sri Lanka), consumer durables (Thailand), tourism (Nepal and Bhutan), among others.

"Therefore, greater intra- and inter-regional cooperation may pave the way for higher trade and growth."​

 

[Saif]

BIMSTEC urged to establish a 'free trade area'

Discussants at the 3rd Bay of Bengal Economic Dialogue 2024 have called upon the BIMSTEC leaders to establish a 'BIMSTEC free trade area' to expedite trade and investments among the member nations. They also called for the creation of a 'BIMSTEC Technology Bank', implementation of integrated schol

thefinancialexpress.com.bd

BIMSTEC urged to establish a 'free trade area'
FE REPORT
Published :
Jul 13, 2024 09:07
Updated :
Jul 13, 2024 09:07

Participants pose for photograph after the concluding session of the two-day long 3rd Bay of Bengal Economic Dialogue 2024 on Friday, organised by the South Asian Network on Economic Modeling (SANEM at Chulalongkorn University in Bangkok.

Discussants at the 3rd Bay of Bengal Economic Dialogue 2024 have called upon the BIMSTEC leaders to establish a 'BIMSTEC free trade area' to expedite trade and investments among the member nations.

They also called for the creation of a 'BIMSTEC Technology Bank', implementation of integrated scholarship programmes, and promotion of people-to-people exchanges to build a stronger regional identity.

The South Asian Network on Economic Modeling (SANEM) orgainsed the two-day long 3rd Bay of Bengal Economic Dialogue 2024 in Bangkok, which concluded on Friday, in collaboration with Chulalongkorn University, the Institute of Trade and Development (ITD) and The Asia Foundation (TAF).

Held at Chulalongkorn University, Bangkok, the event was attended by over 100 senior scholars, experts and stakeholders from across the Bay of Bengal region, including Bangladesh, India, Bhutan, Myanmar, Nepal, Sri Lanka, and Thailand, to discuss pressing regional issues under the theme 'The New World Order and BIMSTEC: Curtain Raiser to the Sixth BIMSTEC Summit,' says a press release.

Since its inception in 1997, the BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) has played a crucial role in fostering economic and technical cooperation among its member states.

The summit was organised on a variety of themes, including the new world order and global challenges, trade, investment, and connectivity, governance, people-to-people relations, breaking barriers for future cooperation, trade and gender, and preparations for the upcoming BIMSTEC Summit.

After completion of the two-day summit, SANEM Executive Director Professor Selim Raihan read out the Bangkok Declaration.

The declaration was ceremoniously handed over to Mr Tshewang Dorji T, director of Environment and Climate Change at the BIMSTEC Secretariat in Dhaka, Bangladesh.

The Bangkok Declaration underscores the critical need for enhanced regional integration and cooperation among the BIMSTEC member states.

It highlights significant economic potential of the Bay of Bengal region and the importance of addressing global challenges such as climate change, trade barriers and geopolitical tension through collective efforts.

The declaration calls for stronger governance, transparency and civil society engagement to ensure economic and social stability.

It also emphasises the necessity of advancing transport, investment, trade, logistics, energy and digital connectivity to foster regional growth.​

 

[Saif]

Yunus may attend UNGA and Bimstec summit

Interim Government’s Chief Adviser Prof Muhammad Yunus is likely to attend the Bimstec summit and the UN General Assembly, both scheduled to be held in September.

www.thedailystar.net

Yunus may attend UNGA and Bimstec summit

Interim Government's Chief Adviser Prof Muhammad Yunus is likely to attend the Bimstec summit and the UN General Assembly, both scheduled to be held in September.

The Bimstec summit will be held in Bangkok, Thailand, from September 2 to 4.

"The chief adviser is most likely to attend the [Bimstec] summit," said a foreign ministry official yesterday.

Apart from addressing the summit, Prof Yunus will also hold bilateral meetings with the heads of the governments of some of the member countries, including Indian Prime Minister Narendra Modi, sources said.

This will be the first foreign visit for Prof Yunus as head of the interim government. He assumed this role on August 8, three days after the fall of the Awami League regime.

An official of the Chief Adviser's Office said the chief adviser is also likely to attend the UN General Assembly in New York. UNGA is scheduled to be held between on September 10 and 24.

"The date for the visit of the chief adviser to the UN General Assembly is yet to be fixed," the official told the Daily Star yesterday.

Bangladesh will be the next chair of the Bimstec -- the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation -- comprised of Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand.

The official and ministerial meetings of the group will take place from September 1-3 before the summit.

As the South Asian Association for Regional Cooperation (Saarc) remains largely inactive, India has put Bimstec at the centre of its neighbourhood diplomacy.

An official of Bimstec Secretariat in Dhaka said they are working to sign at least four agreements including maritime transport cooperation during the summit.

The maritime transport agreement would include every aspect of maritime connectivity among the Bimstec member countries. The details of the agreement will be shared once the member states sign the document, he said.

Bimstec adapted its charter on May 20 this year, 27 years after the founding of the regional body.​

 

[Saif]

Thailand postpones BIMSTEC summit

Thailand has postponed its hosting of next month's BIMSTEC summit of the leaders of seven mostly South Asian countries until after a new administration is formed, its foreign ministry said on Friday

www.thedailystar.net

Thailand postpones BIMSTEC summit

Thailand has postponed its hosting of next month's BIMSTEC summit of the leaders of seven mostly South Asian countries until after a new administration is formed, its foreign ministry said on Friday.

Thailand currently has a caretaker government following a court's dismissal of Srettha Thavisin as premier last week and his successor, Paetongtarn Shinawatra, has yet to name her cabinet.

The summit had been due to take place in Bangkok from September 3-4.

The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) includes Thailand, India, Myanmar, Bangladesh, Nepal, Sri Lanka and Bhutan and its leaders meet every two years for a summit.

Bangladesh's Interim Government Chief Adviser Professor Muhammad Yunus was scheduled to attend the BIMSTEC Summit to be held in Bangkok.​

 

[Saif]

Is BIMSTEC failing?

Is the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) destined to die before making any notable progress in meeting its avowed objectives? The way things have been going on one has reasons to foresee such a possibility. The postponement of the forum's 6th

thefinancialexpress.com.bd

Is BIMSTEC failing?
Mir Mostafizur Rahaman
Published :
Sep 04, 2024 21:37
Updated :
Sep 04, 2024 21:37

Is the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) destined to die before making any notable progress in meeting its avowed objectives?

The way things have been going on one has reasons to foresee such a possibility. The postponement of the forum's 6th summit, scheduled to be held in Bangkok from September 2-4, could only strengthen such a pessimistic notion. Since its inception 26 years ago, the only 5 BIMSTEC summits have been held. Some people in the region, however, tend to believe that it is not yet a lost case.

This lack of continuity and infrequent meetings undermine the momentum necessary for any sustained regional cooperation.

Established in 1997 with the goal of enhancing economic cooperation and regional integration among its seven member states-Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand-BIMSTEC represents a unique bridge between South and Southeast Asia. Despite its potential, however, the organisation has often been criticised for its sluggish progress and lack of visibility.

BIMSTEC was created with high hopes, envisioned as a platform to promote regional cooperation, peace, and prosperity in the Bay of Bengal region. The member states, which collectively account for nearly 22 per cent of the world's population, are located in one of the least integrated regions globally. The organisation aims to address this by fostering connectivity, economic collaboration, and socio-cultural ties. In theory, BIMSTEC's ambitions are commendable; in practice, however, its achievements have been very limited.

Moreover, while member states have committed to various initiatives, including a Free Trade Agreement signed in 2004, these agreements have yet to be fully implemented. The delay in executing these projects reflects a deeper issue: BIMSTEC's lack of institutional capacity and political will.

BIMSTEC has often been seen as an alternative to the South Asian Association for Regional Cooperation (SAARC), which has been largely paralysed by the long-standing rivalry between India and Pakistan. BIMSTEC was expected to fill the void. However, BIMSTEC's performance has not lived up to these expectations. Much like SAARC, BIMSTEC has struggled to maintain regular dialogue and cooperation among its members.

The reasons for this are manifold. BIMSTEC, like SAARC, operates on the principle of non-interference in bilateral disputes, which is viewed as both strength and weaknesses. While this principle prevents the organisation from being bogged down by individual-level conflicts, it also limits its ability to address critical security and political issues that affect regional stability. The organisation's slow progress in areas like public health and climate change further illustrates its operational challenges. Despite identifying these areas as priorities, BIMSTEC has yet to develop concrete mechanisms for cooperation.

Despite these challenges, some people are still pinning hopes on the BIMSTEC. Recent developments suggest a renewed commitment among member states to revitalize the organization. The frequency of meetings has increased, and the adoption of the BIMSTEC Charter in 2022, after 23 years of deliberation, marks a significant step toward institutional strengthening. This new charter, along with the Kathmandu Declaration from the 2018 summit, outlines a clearer vision for the organization's future, including reforms to enhance its effectiveness.

Furthermore, BIMSTEC has made strides in specific areas, particularly in promoting connectivity. Projects aimed at improving transportation links, such as road, rail, and port development, are underway, reflecting a growing recognition of the importance of physical connectivity for economic growth.

For BIMSTEC to succeed, however, much more needs to be done. The organisation's Secretariat, currently headed by a Secretary General with limited authority, must be empowered to play a more proactive role in coordinating and implementing regional initiatives.

Additionally, member states must develop a minimum consensus on key economic, political, and security issues. National interests should be aligned with regional priorities, and a collective commitment to overcome narrow, self-serving agendas is essential. Without such consensus, BIMSTEC risks becoming another ineffective regional organisation, unable to meet the expectations of its members or deliver tangible benefits to its people.​

 

[Saif]

Yunus-Modi meeting likely on BIMSTEC sidelines in November

A bilateral meeting between Chief Adviser Dr Muhammad Yunus and Indian Prime Minister Narendra Modi is likely to take place on the sidelines of the BIMSTEC summit, scheduled for November. Foreign Adviser Md Touhid Hossain made the comment on Tuesday during a press conference regarding Bangladesh&r

thefinancialexpress.com.bd

Yunus-Modi meeting likely on BIMSTEC sidelines in November
FE Online Report
Published :
Oct 01, 2024 20:33
Updated :
Oct 01, 2024 20:33

A bilateral meeting between Chief Adviser Dr Muhammad Yunus and Indian Prime Minister Narendra Modi is likely to take place on the sidelines of the BIMSTEC summit, scheduled for November.

Foreign Adviser Md Touhid Hossain made the comment on Tuesday during a press conference regarding Bangladesh’s participation in the UN General Assembly and other contemporary issues.

He added that he met with India’s External Affairs Minister S Jaishankar in New York but was unable to arrange a meeting at the highest level, as Prime Minister Modi left New York the day before Dr Yunus arrived.

Modi will not attend the Commonwealth Summit scheduled for October 21-26 in Apia, Samoa, as he will be attending the BRICS summit instead, which is of greater importance to India.

Additionally, Dr Yunus will not attend the Commonwealth Summit.

Touhid Hossain indicated that a possible meeting might take place next month during the BIMSTEC summit. Although the date has not been finalised, it is expected to be in November, when bilateral meetings could occur.

He also mentioned that they will seek to address mutual concerns through various levels of communication.

The BIMSTEC summit was initially scheduled for September.

BIMSTEC, or the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation, includes Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand as member states.

Established on June 6, 1997, with the signing of the Bangkok Declaration, BIMSTEC is the only organisation that brings together five countries from South Asia and two from Southeast Asia. Collectively, they account for 22 per cent of the world's population, with a combined GDP of $4.5 trillion.

Following a decision at the Third BIMSTEC Summit in 2014, the BIMSTEC Secretariat was established in Dhaka, providing an institutionalised framework for deepening and enhancing cooperation.

Seven countries lead seven sectors: Bangladesh leads trade, investment, and development, including the blue economy; Bhutan leads environment and climate change, including the mountain economy; India leads security, including energy and disaster management; Myanmar leads agriculture and food security, including fisheries and livestock; Nepal leads people-to-people contact, including poverty alleviation; Sri Lanka leads science, technology, and innovation, including health and human resource development; and Thailand leads connectivity.

After the summit, Bangladesh will assume the chairmanship of BIMSTEC.

Responding to a question, the Foreign Adviser said the issue of Sheikh Hasina’s extradition was not discussed during his meeting with Indian counterpart S Jaishankar on the sidelines of the UNGA.

He also expressed optimism that the Indian visa centre would resume normal operations soon.

Responding to another question, the Foreign Adviser said that if Pakistan found the courage to apologise for its actions in Bangladesh in 1971, relations with them could be normalised.

However, he said that this issue has not been an obstacle to restoring normal bilateral ties, as evidenced by the past 52 years.

"But whenever we hold bilateral meetings, the issue of seeking an apology will be raised by Bangladesh," he added.​

 

[Saif]

BIMSTEC Energy Centre in Bengaluru to promote energy security in region

The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) has said BIMSTEC Energy Centre (BEC) in Bengaluru will promote energy security through grid interconnections, renewable energy development and realization of energy efficiency. The establishment of BIMSTEC

thefinancialexpress.com.bd

BIMSTEC Energy Centre in Bengaluru to promote energy security in region
FE ONLINE DESK
Published :
Nov 10, 2024 23:35
Updated :
Nov 10, 2024 23:35

The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) has said BIMSTEC Energy Centre (BEC) in Bengaluru will promote energy security through grid interconnections, renewable energy development and realization of energy efficiency.

The establishment of BIMSTEC Energy Centre (BEC) in Bengaluru has been seen as a step towards promoting regional cooperation in energy sector within BIMSTEC framework, which is led by India.

The BEC will manage a regional energy database, conduct feasibility studies for intra-BIMSTEC projects and enhance cooperation by preparing a framework for networking among national agencies of BIMSTEC member States, said the regional organisation on Sunday, reports UNB.

Moreover, the Centre will foster capacity building, cross-border investments and infrastructure development for training in energy sector.

The host country agreement between the government of India and the BIMSTEC Secretariat for establishing BIMSTEC Energy Centre (BEC) in Bengaluru was signed in New Delhi on November 8.

BIMSTEC Secretary General Indra Mani Pandey signed it on behalf of the Secretariat while Secretary (East), Ministry of External Affairs Jaideep Mazumder signed on behalf of the government of India.

India also leads the Security and Disaster Management sectors.

A Plan of Action for Energy Cooperation was adopted by the BIMSTEC Energy Ministers’ Conference in 2005.

The MoU for establishing the BIMSTEC Grid Interconnection has been force since April 2019.

The BIMSTEC policies for Transmission of Electricity and for Trade, Exchange of Electricity and Tariff Mechanism are being finalized. A BIMSTEC Grid Interconnection Master Plan is also under discussion.

BIMSTEC Energy Cooperation has focused on promoting renewable energy, improving energy efficiency, developing cross-border energy trade and undertaking grid interconnections, which aim to ensure energy security, transition to green energy and sustainable development in Bay of Bengal region.

BIMSTEC comprises seven countries of the Bay of Bengal region: Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka and Thailand. It pursues regional cooperation in seven broad sectors: Agriculture and Food Security; Connectivity; Environment and Climate Change; People to People Contact; Science, Technology and Innovation; Security; and Trade, Investment and Development.

The cooperation also covers 8 sub-sectors: Blue Economy, Mountain Economy, Energy, Disaster Management, Fisheries and Livestock, Poverty Alleviation, Health and Human Resource Development.​

 

[Saif]

BIMSTEC urged to boost trade

Commerce adviser Sk Bashir Uddin on Monday urged the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation to prepare a roadmap to double regional trade...

www.newagebd.net

BIMSTEC urged to boost trade
Bangladesh Sangbad Sangstha . Dhaka 06 January, 2025, 22:11

Commerce adviser Sk Bashir Uddin on Monday urged the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation to prepare a roadmap to double regional trade.

‘Increasing trade among partner countries, especially mutual understanding among businessmen in the region, can play a vital role in making the organisation more effective,’ he said when he had a meeting with BIMSTEC secretary general Indra Mani Pandey at Bangladesh secretariat in the city.

During the meeting, they discussed in detail what can be done to make BIMSTEC more effective, said a press release.

In his speech, Bashir said that the organisation, formed to work on trade, investment and economic cooperation, was working to protect the interests of partner countries.

Indra Mani said that the ministerial meetings would help make BIMSTEC more effective.

He sought Bangladesh’s cooperation to make the ministerial meetings fruitful for increasing exports, imports and investments in the region.

Secretary (routine responsibilities) of the Ministry of Commerce Md Abdur Rahim Khan was present at the meeting.​

 

[Saif]

Political will key to unlocking Bimstec’s potential

In spite of bridging South Asia and Southeast Asia, the seven-member Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (Bimstec) has failed to emerge as a powerful economic bloc due to a lack of political will and trade barriers, economists say.

www.thedailystar.net

Political will key to unlocking Bimstec’s potential
Economists say Bimstec’s intra-regional trade remains at 7% compared to Asean’s 25%

In spite of bridging South Asia and Southeast Asia, the seven-member Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (Bimstec) has failed to emerge as a powerful economic bloc due to a lack of political will and trade barriers, economists say.

The combined economic size of Bimstec members stands at around $4.7 trillion, highlighting the bloc's vast potential for boosting intra-regional trade.

However, referring to the Association of Southeast Asian Nations (Asean), analysts said Bimstec's intra-regional trade accounts for just 7 percent of its total trade, compared to 25 percent for Asean.

"The absence of a well-defined trade framework is keeping Bimstec from realising its full potential," said Selim Raihan, a professor of economics at the University of Dhaka, at a policy dialogue in Dhaka yesterday.

Speakers at the event, titled Regional Cooperation and Development: Curtain Raiser to the Sixth BIMSTEC Summit, said that unlike Asean, which has established free trade policies and value chain integration, Bimstec struggles with fragmented trade arrangements and weak institutional frameworks.

They urged Bimstec members to learn from Asean's success in fostering regional trade and economic integration.

Bimstec was established in 1997 to promote economic and technical cooperation. Its members are Bangladesh, India, Myanmar, Sri Lanka, Thailand, Bhutan and Nepal.

Raihan, also the executive director of the South Asian Network on Economic Modeling (Sanem), said, "While an FTA framework was signed in 2004, there has been little tangible progress due to reluctance among member states and prolonged negotiations over tariff reductions and sensitive lists."

Sanem and the Bimstec Secretariat jointly organised the event at Sanem's Dhaka office.

The economist said that the lack of a comprehensive FTA, along with non-tariff barriers and protectionist policies, continues to hinder regional economic integration.

Globalisation is slowing and regionalism remains a viable strategy—yet South Asia has not fully capitalised on it, said Zaidi Sattar, chairman of Policy Research Institute (PRI).

"Bimstec must embrace strategic regionalism, where countries within the bloc work together to offset global trade uncertainties," he said.

However, the economist said, differences in political will have long delayed trade integration, with member states prioritising nationalistic economic policies over collective growth.

Sattar said delays in implementing a Bimstec charter, which took 25 years to finalise, reflect the lack of urgency among the members.

Limited funding and bureaucratic inefficiencies within Bimstec Secretariat have further stymied progress, he pointed out.

Another critical challenge is a lack of infrastructure to facilitate smooth trade, he said.

Mustafizur Rahman, distinguished fellow at the Centre for Policy Dialogue (CPD), stressed on improving transport, logistics, and digital connectivity.

"Bimstec requires an estimated $120 billion annually in infrastructure investment to bridge existing gaps. Without seamless transport and logistics networks, trade efficiency remains low," Rahman said.

A Bimstec master plan for transport connectivity, if fully implemented, could significantly facilitate trade, he said.

However, he said financial constraints and slow project implementation have hampered progress.

Indra Mani Pandey, secretary general of Bimstec, acknowledged these challenges but remained optimistic about future engagements.

"Despite political differences, member states continue to negotiate and explore economic collaboration. Bangladesh, as the current chair, is playing a crucial role in advancing discussions," he said.

M Masrur Reaz, chairman and chief executive officer of Policy Exchange Bangladesh, pointed out that foreign direct investment (FDI) trends were shifting and Bimstec needed to establish a stronger investment framework.

"While Asia is the leading recipient of global FDI, South Asia lags behind East Asia. Protectionist policies, regulatory hurdles, and a lack of investment facilitation make it difficult for Bimstec countries to attract meaningful FDI," he said.

He emphasised the need for investment-driven cooperation, particularly in sustainable sectors such as agriculture, water, and sanitation.

"Bimstec needs to focus on a well-structured economic corridor, boosting supply chain integration and implementing digital solutions to streamline trade," said Prabir De, a professor at the Research and Information System for Developing Countries.

The upcoming 6th Bimstec Summit is expected to address some of these concerns, particularly trade liberalisation, connectivity, and institutional strengthening.

However, the experts warned that without concrete commitments from member states, the bloc risks remaining stagnant.

"Political will is key to unlocking Bimstec's true potential. Without strong leadership and a commitment to collective growth, the region will continue to lag behind in the global economic race," said Mustafizur Rahman.​

 

[Saif]

BIMSTEC: Bangladesh approaches India for Yunus-Modi talks on sidelines

The two leaders are likely to visit Thailand from April 2-4 to attend the sixth BIMSTEC Summit in Bangkok

www.thedailystar.net

BIMSTEC: Bangladesh approaches India for Yunus-Modi talks on sidelines

Muhammad Yunus, left, Narendra Modi

Bangladesh has approached India to arrange a meeting between Chief Adviser Professor Muhammad Yunus and Prime Minister Narendra Modi in Bangkok in the first week of April, reports ANI.

The two leaders are likely to visit Thailand from April 2-4 to attend the sixth BIMSTEC Summit in Bangkok.

Speaking to ANI, Foreign Adviser Touhid Hossain said, "We have made a diplomatic approach to India to hold a bilateral meeting between our two leaders at the sidelines of BIMSTEC Summit."

Yunus is expected to meet Chinese President Xi Jinping on March 28.

Earlier in February, Indian External Affairs Minister S Jaishankar held a meeting with Touhid on the sidelines of the Indian Ocean Conference in Oman.

Informing about his meeting, Jaishankar said the talks were focussed on the bilateral relationship between two countries and Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC).

"Met Foreign Affairs Adviser Md. Touhid Hossain of the Interim Government of Bangladesh. Conversation was focused on our bilateral relationship, as also on (BIMSTEC)," Jaishankar wrote on X.

Bangladesh foreign ministry too had issued a statement, where it stated that two sides discussed on various bilateral issues of mutual concerns and interests.​

 

[Saif]

BIMSTEC 2025: Yunus-Modi bilateral meeting unlikely

Chief Adviser Muhammad Yunus and Indian Prime Minister Narendra Modi are unlikely to hold a meeting on the sidelines of the BIMSTEC summit on April 2-4, putting a damper on the possibility of a thaw in the currently icy bilateral relationship between the two neighbouring countries.

www.thedailystar.net

BIMSTEC 2025: Yunus-Modi bilateral meeting unlikely

Muhammad Yunus, left, Narendra Modi

Chief Adviser Muhammad Yunus and Indian Prime Minister Narendra Modi are unlikely to hold a meeting on the sidelines of the BIMSTEC summit on April 2-4, putting a damper on the possibility of a thaw in the currently icy bilateral relationship between the two neighbouring countries.

Dhaka and New Delhi were working positively for such a meeting in Bangkok but the latter has yet to tell anything definitely on Dhaka's diplomatic approach, The Daily Star has learnt from people with knowledge of the matter.

"I don't have any update to share at this point in time," said Randhir Jaiswal, spokesman for India's external affairs ministry, during the weekly media briefing when asked about the possibility of Modi-Yunus bilateral meeting in Bangkok, reports our correspondent in New Delhi.

Given the acrimonious bilateral relationship at present, it is unlikely that there will be a meeting between the two countries' heads of government, according to people informed with the proceedings in Delhi's South Block.

A diplomatic source in Dhaka too made a similar comment.

They, however, did not rule out the exchange of pleasantries between the two leaders as all the leaders attending the summit will be around each other on more than one occasion.

"But nothing more than that is expected," said an Indian government official.

Earlier, there was another possibility of a bilateral meeting between Yunus and Modi on the sidelines of the UN General Assembly in New York in September last year. However, that did not happen as Modi had left New York before Yunus arrived.

Bangladesh's Foreign Adviser Touhid Hossain and Indian External Affairs Minister S Jaishankar, however, held meetings on two occasions: once on the sidelines of UNGA on September 23 last year and then on the sidelines of the 8th Indian Ocean Conference 2025 in Oman on February 16.

The two countries also held a Foreign Office Consultation on December 9 last year.

"There might be statements from political figures but our leadership is all for a good relationship with India -- we have interdependence on many aspects," said a foreign ministry official.

Relations between the two countries soured after the ouster of former Prime Minister Sheikh Hasina on August 5 last year and her eventual fleeing to India the same day.

Since then, the Indian government drastically reduced the number of visa seekers in Bangladesh. It also did not respond to Dhaka's official request for Hasina's extradition.

New Delhi repeatedly expressed concerns over the repression of minorities in Bangladesh, and Dhaka responded by saying that those statements were akin to interfering in the internal issues of Bangladesh.

Bangladesh also accused sections of the Indian media and political figures of exaggerating reports of minority attacks and making provocative remarks.

Chief Adviser's Office repeatedly said that the majority of the attacks on minorities, mostly Hindus, were not religious in nature but political.​

 

[Saif]

Myanmar junta chief to join BIMSTEC leaders' summit in rare trip abroad

Myanmar's junta chief Min Aung Hlaing will join a regional leaders' summit in Thailand next week where he is seeking high-level bilateral meetings, three sources with direct knowledge told Reuters, in a rare visit to a Southeast Asian country since seizing power in coup that led to a civil war. Mi

thefinancialexpress.com.bd

Myanmar junta chief to join BIMSTEC leaders' summit in rare trip abroad
REUTERS
Published :
Mar 28, 2025 21:24
Updated :
Mar 28, 2025 21:24

Myanmar's junta chief Senior General Min Aung Hlaing, who ousted the elected government in a coup, presides at an army parade on Armed Forces Day in Naypyitaw, Myanmar, March 27, 2021. Photo : REUTERS/Stringer/Files

Myanmar's junta chief Min Aung Hlaing will join a regional leaders' summit in Thailand next week where he is seeking high-level bilateral meetings, three sources with direct knowledge told Reuters, in a rare visit to a Southeast Asian country since seizing power in coup that led to a civil war.

Min Aung Hlaing is the subject of widespread western sanctions and is barred from attending summits of the Southeast Asian bloc ASEAN due to the Myanmar military's failure to implement an agreed peace plan with the bloc.

He will join the April 3-4 summit in Bangkok of the BIMSTEC grouping of mostly South Asian countries, where the Myanmar delegation is seeking bilateral meetings with leaders and top officials, according to the sources, who declined to be identified because they were not authorised to speak to media.

The meetings being sought include ones with Indian Prime Minister Narendra Modi and the chief adviser of Bangladesh’s interim government, Muhammed Yunus, the sources said.

"They have been reaching out asking for meetings," one of the sources said, referring to Myanmar officials.

An Indian government source said Myanmar officials had made "overtures" to New Delhi seeking a bilateral meeting between the junta chief and Modi, but added that India had not taken a decision so far.

India's foreign ministry did not respond to a request for comment. A spokesperson for Myanmar's military government could not immediately be reached for comment.

Asked by Reuters if the Myanmar general was attending, Thailand's foreign ministry said all leaders of BIMSTEC member countries have confirmed their attendance.

ESCALATING CRISIS

Myanmar has been in crisis since the military overthrew the elected government of Nobel laureate Aung San Suu Kyi, sparking mass protests that escalated into an armed rebellion against the junta. More than a third of the population is in need of humanitarian assistance, according to the United Nations.

The trip to Thailand to join other leaders would be significant for Min Aung Hlaing, who has sought to gain legitimacy at home and abroad for his plans to return the country to democracy via an election that has been derided by critics as a sham to perpetuate army rule.

The junta chief on Thursday said the election would be held in December, promising a free and fair vote and to transfer state power to the winning party.

Min Aung Hlaing is regarded by many countries as a pariah as head of a military accused of committing widespread atrocities as it battles to hold power and contain a widening rebellion. The military denies wrongdoing.

His trips overseas have been rare, mostly to Russia, which he visited this month, and to China late last year for a sub-regional summit.

His travel could be limited further following an announcement in November by the prosecutor of the International Criminal Court that a warrant for his arrest would be sought for crimes against humanity in the alleged persecution of the Rohingya, a mainly Muslim minority. Myanmar has denied the allegations.

BIMSTEC, or the Bay of Bengal initiative for Multi-Sectoral Technical and Economic Cooperation, includes Thailand, Myanmar, India, Bangladesh, Nepal, Sri Lanka and Bhutan.​

 

[Saif]

BIMSTEC must adapt to global shifts and future challenges

One major challenge is the escalation of uncertainty, a notable trend in the global trade regime.

www.thedailystar.net

BIMSTEC must adapt to global shifts and future challenges

VISUAL: MONOROM POLOK

The sixth Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) summit will be held in Bangkok, Thailand, from April 2-4. The New World Order, which denotes an evolving geopolitical landscape characterised by shifting power dynamics, technological advancements, and interconnectedness, necessitates BIMSTEC to adopt a novel approach to regional cooperation.

One major challenge is the escalation of uncertainty, a notable trend in the global trade regime. The undermining of multilateralism poses a significant threat to the WTO's rule-based system, creating an unpredictable environment for international trade. Additionally, geopolitical realignments, such as the US-China and US-Canada trade wars, alongside Trump's reciprocal tariff, highlight the shifting dynamics and rivalries in global trade. These developments drive trade diversification and regionalisation, exemplified by the "China+1" strategy.

Protectionism is on the rise, too, with tariffs, non-tariff measures, and trade restrictions becoming increasingly prevalent. Supply chain innovation is also transforming global trade as automation, AI, and ethical supply chains gain prominence. The rise of the Global South signifies another important trend, with India, ASEAN, and Africa assuming an increasingly vital role in the global economy.

Furthermore, digital commerce is experiencing substantial growth, driven by the expansion of e-commerce, blockchain technology, and AI-enabled logistics. Additionally, the green trade agenda is gaining momentum, with a focus on climate and renewable energy trade, reflecting a growing commitment to sustainability within global trade practices.

Meanwhile, conflicts, terrorism, and cyber threats across national boundaries are making international cooperation essential. Furthermore, rapid advancements in artificial intelligence, biotechnology, and digital infrastructure present significant opportunities, alongside ethical, security, and regulatory challenges.

Rising sea levels, extreme weather, and resource shortages is also impacting all countries, including those in the BIMSTEC region. Besides, the Covid pandemic has underscored the vulnerability of health systems worldwide, highlighting the need for preparedness, equitable vaccine distribution, and coordinated pandemic response—areas where many BIMSTEC nations fall short. Despite economic progress, poverty remains a challenge in many regions within BIMSTEC countries. Bridging economic disparities and fostering inclusive growth are crucial for both global stability and regional prosperity. Moreover, macroeconomic instability in several BIMSTEC nations hinders efforts to reduce poverty and build resilience.

BIMSTEC, comprising seven countries around the Bay of Bengal (Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand), holds immense potential for addressing modern challenges through effective regional cooperation. The region's geographical proximity and historical ties provide a unique platform for collaboration, bridging South Asia and Southeast Asia. BIMSTEC prioritises areas such as trade, investment, connectivity, and cooperation to strengthen economic ties, alleviate poverty, and promote sustainable development.

Recognising the threats of terrorism and transnational organised crime, BIMSTEC member states can collaborate through coordinated efforts and information sharing as it emphasises physical, digital, and interpersonal connectivity. By enhancing transport links, energy grids, digital infrastructure, and technological partnerships, BIMSTEC can drive economic growth and resilience.

BIMSTEC can also bolster health systems, facilitate the exchange of best practices, and improve preparedness. Additionally, collaborative efforts within the organisation can effectively tackle climate change, disaster risk reduction, and sustainable resource management.

Despite numerous promises and its 27 years of existence, BIMSTEC's progress toward deeper regional integration has remained limited. Several factors continue to hinder its advancement.

One significant obstacle is the lack of political commitment from the leaders of member countries. Larger nations have not consistently demonstrated the political will required to push the agenda forward, while smaller nations have not prioritised BIMSTEC sufficiently. For instance, it took 25 years for BIMSTEC to adopt a formal Charter, delaying institutionalisation and slowing decision-making processes. Furthermore, translating commitments into tangible actions demands sustained effort. BIMSTEC must focus on implementing projects and diligently monitoring their outcomes.

Creating a unified security framework is crucial, particularly in addressing unconventional threats such as cyber-attacks and climate-induced migration. BIMSTEC should involve civil society, academic institutions, and the private sector to adopt a holistic approach. Integrating gender perspectives and actively engaging youth are equally important.

Enhancing trade facilitation, reducing non-tariff barriers, and boosting investments are vital for improving economic integration within the BIMSTEC region. Although physical connectivity and trade volumes have improved, intra-regional trade remains limited (around seven percent). While this outpaces the performance of SAARC countries, it lags significantly behind ASEAN (approximately 25 percent). Additionally, the region suffers from a substantial infrastructure investment gap (estimated at $120 billion annually), hindering smooth economic collaboration.

Although the framework agreement was signed in 2004, BIMSTEC has yet to establish a comprehensive free trade agreement (FTA). Instead, member countries have individually entered into numerous bilateral and multilateral trade agreements, resulting in fragmented trade arrangements. Scepticism about the FTA among larger BIMSTEC nations raises doubts about its future progress. Historically, disputes over sensitive lists, reluctance to fully open economies, and non-tariff issues have impeded FTA prospects. Furthermore, bilateral tensions, such as those between Bangladesh and Myanmar, negatively affect BIMSTEC's effectiveness. Additionally, nations like Thailand and Myanmar often prioritise ASEAN over BIMSTEC due to ASEAN's advanced integration framework.

The BIMSTEC Secretariat operates with limited financial resources, severely curtailing its ability to implement projects, organise events, and facilitate effective cooperation among member countries. Inadequate funding also constrains its capacity to attract skilled personnel, affecting overall efficiency. Resource shortages further undermine the Secretariat's visibility both regionally and globally, impeding advocacy, outreach, and communication of BIMSTEC's goals.

Despite its potential, BIMSTEC faces challenges in fostering stronger people-to-people interactions among its member countries. To address these issues, initiatives such as educating youth about BIMSTEC's significance, investing in cross-border infrastructure, and enhancing digital connectivity are essential. These efforts can help build closer ties, encourage mutual understanding, and promote trust—ultimately strengthening regional cooperation.

In conclusion, BIMSTEC holds immense potential to shape the New World Order by fostering cooperation, building resilience, and advancing sustainable development in the Bay of Bengal region. However, its effectiveness depends on collective commitment, practical initiatives, and the flexibility to adapt to evolving global challenges.

Dr Selim Raihan is professor in the Department of Economics at the University of Dhaka and executive director of the South Asian Network on Economic Modeling (SANEM).​

 

[Bilal9]

BIMSTEC 2025: Yunus-Modi bilateral meeting unlikely

Chief Adviser Muhammad Yunus and Indian Prime Minister Narendra Modi are unlikely to hold a meeting on the sidelines of the BIMSTEC summit on April 2-4, putting a damper on the possibility of a thaw in the currently icy bilateral relationship between the two neighbouring countries.

www.thedailystar.net

BIMSTEC 2025: Yunus-Modi bilateral meeting unlikely

View attachment 15794
Muhammad Yunus, left, Narendra Modi

Chief Adviser Muhammad Yunus and Indian Prime Minister Narendra Modi are unlikely to hold a meeting on the sidelines of the BIMSTEC summit on April 2-4, putting a damper on the possibility of a thaw in the currently icy bilateral relationship between the two neighbouring countries.

Dhaka and New Delhi were working positively for such a meeting in Bangkok but the latter has yet to tell anything definitely on Dhaka's diplomatic approach, The Daily Star has learnt from people with knowledge of the matter.

"I don't have any update to share at this point in time," said Randhir Jaiswal, spokesman for India's external affairs ministry, during the weekly media briefing when asked about the possibility of Modi-Yunus bilateral meeting in Bangkok, reports our correspondent in New Delhi.

Given the acrimonious bilateral relationship at present, it is unlikely that there will be a meeting between the two countries' heads of government, according to people informed with the proceedings in Delhi's South Block.

A diplomatic source in Dhaka too made a similar comment.

They, however, did not rule out the exchange of pleasantries between the two leaders as all the leaders attending the summit will be around each other on more than one occasion.

"But nothing more than that is expected," said an Indian government official.

Earlier, there was another possibility of a bilateral meeting between Yunus and Modi on the sidelines of the UN General Assembly in New York in September last year. However, that did not happen as Modi had left New York before Yunus arrived.

Bangladesh's Foreign Adviser Touhid Hossain and Indian External Affairs Minister S Jaishankar, however, held meetings on two occasions: once on the sidelines of UNGA on September 23 last year and then on the sidelines of the 8th Indian Ocean Conference 2025 in Oman on February 16.

The two countries also held a Foreign Office Consultation on December 9 last year.

"There might be statements from political figures but our leadership is all for a good relationship with India -- we have interdependence on many aspects," said a foreign ministry official.

Relations between the two countries soured after the ouster of former Prime Minister Sheikh Hasina on August 5 last year and her eventual fleeing to India the same day.

Since then, the Indian government drastically reduced the number of visa seekers in Bangladesh. It also did not respond to Dhaka's official request for Hasina's extradition.

New Delhi repeatedly expressed concerns over the repression of minorities in Bangladesh, and Dhaka responded by saying that those statements were akin to interfering in the internal issues of Bangladesh.

Bangladesh also accused sections of the Indian media and political figures of exaggerating reports of minority attacks and making provocative remarks.

Chief Adviser's Office repeatedly said that the majority of the attacks on minorities, mostly Hindus, were not religious in nature but political.​

This means RAW will still be busy in pulling tricks in Bangladesh within the span of the near future and India sees no reason to hurry into normalizing relations with Bangladesh.

We know RAW has been intensely busy bribing BNP, JP and yes, even the armed forces and trying to re-instate AL in power in Bangladesh. But they know as does everyone else in Bangladesh - that this is a fool's errand. AL ain't coming back.

Our country - sadly, is filled with selfish gaddars selling out their mother for money.

 

[Saif]

This means RAW will still be busy in pulling tricks in Bangladesh within the span of the near future and India sees no reason to hurry into normalizing relations with Bangladesh.

We know RAW has been intensely busy bribing BNP, JP and yes, even the armed forces and trying to re-instate AL in power in Bangladesh. But they know as does everyone else in Bangladesh - that this is a fool's errand. AL ain't coming back.

Our country - sadly, is filled with selfish gaddars selling out their mother for money.

Every word you have uttered in the above post is true.

 

[Saif]

Dhaka sees BIMSTEC Summit an opportunity to present “just, inclusive” Bangladesh in South, Southeast Asia

Bangladesh sees this year’s BIMSTEC Summit, scheduled to be held in Bangkok, Thailand on April 4, “very important” for the country as it will assume the chairmanship of the grouping for the next two years. Dhaka also thinks the summit will provide them with an opportunity to pres

thefinancialexpress.com.bd

Dhaka sees BIMSTEC Summit an opportunity to present “just, inclusive” Bangladesh in South, Southeast Asia
UNB
Published :
Mar 31, 2025 21:23
Updated :
Mar 31, 2025 21:23

Bangladesh sees this year’s BIMSTEC Summit, scheduled to be held in Bangkok, Thailand on April 4, “very important” for the country as it will assume the chairmanship of the grouping for the next two years.

Dhaka also thinks the summit will provide them with an opportunity to present a “just and inclusive” Bangladesh in South and Southeast Asia, officials said this week.

The 6th Summit of the Heads of State/Governments of the member States of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) will be preceded by a meeting of BIMSTEC senior officials on April 2 and a meeting of BIMSTEC Foreign or External Affairs Ministers on April 3.

Chief Adviser Prof Muhammad Yunus is scheduled to leave for Bangkok on April 3, his Deputy Press Secretary Abul Kalam Azad Majumder told UNB on Monday.

Prior to this year’s BIMSTEC Summit, the chief adviser will deliver a keynote speech at the forum titled “BIMSTEC Young Generation Forum: Where the Future Meets” on April 3.

The theme of the 6th summit, which is being held three years after the 5th summit (Virtual, Colombo, 30 March 2022), is “Prosperous, Resilient, and Open BIMSTEC”.

The summit, which aims at fostering collaboration among the member states to address the shared security and developmental challenges, will provide a new impetus to the efforts underway to realise the goal of a prosperous, resilient and open BIMSTEC, according to the BIMSTEC Secretariat.

Foreign Secretary Md Jashim Uddin said the summit will further “strengthen and deepen” the relationship between Bangladesh and other BIMSTEC member states and will play an important role in advancing regional peace and development.

“It goes without saying that this 6th BIMSTEC Summit is a new step for the new Bangladesh in the regional arena through BIMSTEC,” he said, hoping that the 6th BIMSTEC Summit will be successful.

The foreign secretary will participate in the 25th BIMSTEC senior officials’ meeting and the foreign adviser will participate in the 20th BIMSTEC ministerial meeting.

There is a possibility of signing an agreement on ‘Maritime Transport cooperation’ between BIMSTEC member states at the 6th BIMSTEC Summit, said the foreign secretary.

This agreement is expected to help enhance regional economic and trade relations by strengthening commercial shipping and maritime transport, he said.

Summit Agenda

The summit, the BIMSTEC headquarters said, has a rich agenda - adoption of the declaration of 6th BIMSTEC Summit, which will reflect the vision of the leaders as well as their decisions and directives; adoption of the Bangkok Vision 2030.

This is the first vision document which will be adopted by the Leaders. It provides a comprehensive and practical roadmap for future cooperation amongst the BIMSTEC member States.

Signing of the agreement on Maritime Transport Cooperation aims at expanding maritime transport in Bay of Bengal with a view to enhancing transport of cargo as well as people enabling more trade and travel amongst the member States.

Meanwhile, signing of the Memoranda of Understanding (MoUs) between BIMSTEC and Indian Ocean Rim Association (IORA), and BIMSTEC and United Nations Office on Drugs and Crime (UNODC), are part of agenda which will herald a new era of developmental partnerships between BIMSTEC and these organisations.

Adoption of the Rules of Procedure for the BIMSTEC Mechanisms, which, together with the Charter, lay the foundation of institutional framework for regional cooperation under BIMSTEC; and adoption of the Report of Eminent Persons Group on the Future Direction of BIMSTEC are among the agenda.

The Group held six meetings in 2024. It consulted the relevant stakeholders and finalised its Report in September 2024 after extensive deliberations.

The report contains a number of recommendations and the member states have commenced steps aimed at implementing the Report.

In a rapidly evolving and uncertain global political and economic situation, the 6th BIMSTEC Summit will further reinforce the critical role of BIMSTEC, as the only regional organisation in Bay of Bengal, in forging regional cooperation to enable the member States to deal with their shared security and sustainable development challenges.

BIMSTEC which brings together five countries from South Asia and two countries from South East Asia, is poised to evolve into a vibrant and dynamic regional organisation.

As BIMSTEC’s highest policymaking body, the Summits play a “pivotal role” in shaping the organization’s agenda and work.

Since BIMSTEC’s inception in June 1997, five Summits have been held in Bangkok (2004), New Delhi (2008), Nay Pyi Daw (2014), Kathmandu (2018) and Colombo (2022).

BIMSTEC comprises seven countries of the Bay of Bengal region: Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka and Thailand.

It pursues regional cooperation in seven broad sectors: Agriculture & Food Security; Connectivity; Environment & Climate Change; People-to-People Contact; Science, Technology & Innovation; Security; and Trade, Investment & Development.

The cooperation also covers 8 sub-sectors: Blue Economy, Mountain Economy, Energy, Disaster Management, Fisheries & Livestock, Poverty Alleviation, Health, and Human Resource Development.​