1. What is BIMSTEC as PM Narendra Modi wishes organisation on 20th anniversary

What is BIMSTEC as PM Narendra Modi wishes organisation on 20th anniversary

BIMSTEC is a regional organisation which comprises of seven member states which lie near the Bay of Bengal. PM Narendra Modi today wished the institution on its 20th anniversary.

By: | Published: June 6, 2017 4:09 PM
PM Narendra Modi today wished the institution on its 20th anniversary, by tweeting: “BIMSTEC is a natural platform for regional cooperation. The commitment to peace & development connects the BIMSTEC family.”

BIMSTEC or the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation is a regional organisation which comprises of seven member states which lie near the Bay of Bengal. PM Narendra Modi today wished the institution on its 20th anniversary, by tweeting: “BIMSTEC is a natural platform for regional cooperation. The commitment to peace & development connects the BIMSTEC family.” This sub-regional organisation was started on June 6, in the year 1997 through a Bangkok Declaration. BIMSTEC consists of seven countries: 5 come from South Asia, including India, Nepal, Bangladesh, Bhutan, and Sri Lanka; and 2 come from Southeast Asia, which includes Myanmar and Thailand. BIMSTEC headquarters are situated in Dhaka, Bangladesh and was opened by Bangladeshi Prime Minister Sheikh Hasina on September 13, 2014.

The regional group acts as a bridge between Southern and South Eastern countries in Asia. It represents a reinforcement of relations among these nations. BIMSTEC has also established a platform for intra-regional cooperation between SAARC and ASEAN countries. The whole region which constitutes the BIMSTEC is home to over 1.5 billion people. The population counts for around 22 percent of the total world population. These countries have a combined GDP of $2.7 trillion.

Interestingly, BIMSTEC is a sector-driven cooperative organisation, a rarity among most regional groups. It had begun with six sectors, including trade, technology, energy, transport, tourism and fisheries in the year 1997. In 2008, it expanded to include nine more sectors, including agriculture, public health, poverty alleviation, counter-terrorism, environment, culture, people to people contact and climate change.

What are the objectives of BIMSTEC?

Economic Development: To create an enabling environment for rapid economic development through identification and implementation of specific cooperation projects in the sectors of trade, investment and industry, technology, human resource development, tourism, agriculture, energy, and infrastructure and transportation.

Growth: To accelerate the economic growth and social progress in the sub-region through joint endeavours in a spirit of equality and partnership.

Collaboration: To promote active collaboration and mutual assistance on matters of common interest in the economic, social, technical and scientific fields.

Assistance: To provide assistance to each other in the form of training and research facilities in the educational, professional and technical spheres.

Co-operation: To cooperate in projects that can be dealt with most productively on a sub-regional basis and make the best use of available synergies among BIMSTEC member countries.


Which sectors do India lead the group?

A lead country has to identify specific projects for facilitating cooperation in the sub-sector. The lead nation has to co-operate and co-ordinate in a lot of efforts, with an aim to boost the specific areas in the member states.
India leads the group in the following sectors:
1. Transportation & Communication
2. Tourism
3. Environment and Disaster Management
4. Counter-Terrorism and Transnational Crime


Who is the Chairman of the group?

BIMSTEC uses the alphabetical order for the Chairmanship. The Chairmanship of BIMSTEC has been taken in rotation commencing with Bangladesh (1997–1999), India (2000) Myanmar (2001–2002), Sri Lanka (2002–2003), Thailand (2003–2005), Bangladesh (2005–2006). Bhutan then had to skip due to some political problem. So India took over (2006–2009). In November 2009, Myanmar assumed BIMSTEC Chairmanship after which Nepal formally took over the new Chairmanship on 4 March 2014.

  1. G
    Ganapathy Balasubramaniam
    Jun 6, 2017 at 4:46 pm
    honestly, we were not aware of such an ins ution till our PM tweeted greetings . why it is not active in regional cooperation....... we can do wonders for peace , growth in the region.
    Reply

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