Prime Minister Narendra Modi virtually attends 5th BIMSTEC Summit Chaired by Sri Lanka

Prime Minister Narendra Modi virtually attends 5th BIMSTEC Summit Chaired by Sri Lanka

  • Prime Minister Shri Narendra Modi participated in the 5th Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) Summit on March 30, 2022 through virtual mode.
  • The Summit was hosted by the Government of Sri Lanka, which was the chair nation of BIMSTEC.
  • The theme of the Summit was “Towards a Resilient Region, Prosperous Economies, Healthy People”
  • At the conclusion of the Summit, Thailand took over as chair nation of BIMSTEC.
  • 2022 marks the 25th year of the establishment of BIMSTEC. 

Key outcomes of the Summit

  • During the Summit, leaders witnessed the signing of three BIMSTEC agreements
    1. BIMSTEC Convention on Mutual Legal Assistance in Criminal Matters
    2. BIMSTEC Memorandum of Understanding on Mutual Cooperation in the field of Diplomatic Training
    3. Memorandum of Association on Establishment of BIMSTEC Technology Transfer Facility
  • Adoption and signing of the BIMSTEC Charter, which would lead to putting in place s set of rules, a framework and long-term goals. This will help to streamline the operations of BIMSTEC and allow the organisation to enhance its potential.
  • Adoption of the ‘Master Plan for Transport Connectivity’ which lays out a guidance framework for connectivity related activities in the region in the future.
  • Prime Minister of India, Shri Narendra Modi announced that India will provide USD 1 million to the BIMSTEC secretariat to increase its operational budget.

Points to Remember about BIMSTEC

  • It is an international organisation of seven South Asian and Southeast Asian nations. These are: Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand. The Leadership is rotated in alphabetical order of country names.
  • The permanent secretariat of BIMSTEC is in Dhaka, Bangladesh.

Source: PIB

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