4th BIMSTEC Summit concluded in Kathmandu
31st August, 2018Category: International
The 4th BIMSTEC Summit concluded in Kathmandu on August 31, 2018 with the signing and adoption of the 18-point Kathmandu Declaration by all the seven members. The Summit began on August 30, 2018 in Kathmandu, Nepal. The Declaration stresses on ending poverty from the region by 2030 in line with the United Nations Sustainable Development Goals. It strongly condemns terrorism in all its forms and manifestations and stressed that there can be no justification whatsoever for any act of terrorism. Also, foreign ministers of BIMSTEC member countries signed a Memorandum of Understanding on the Establishment of BIMSTEC Grid Interconnection. The theme of the fourth BIMSTEC summit 2018 is 'Towards a Peaceful, Prosperous and Sustainable Bay of Bengal Region'. The BIMSTEC has 14 priority sector. This summit has integrated two more priority sectors - Blue economy and Mountain economy.
BIMSTEC came into existance on 6th June 1997 through the Bangkok Declaration. Its main objective is technical and economic cooperation among South Asian and Southeast Asian countires along the rim of the Bay of Bengal. BIMSTEC is important for India in terms of Act East Policy and Neighbourhood First Policy.
Read More: Jagaran (English), The Times of India