17th BIMSTEC Ministerial Meeting

In News

Recently, the External Affairs Minister of India participated in the 17th BIMSTEC Ministerial Meeting.

  • The meeting is chaired by Sri Lanka, and was held in a virtual mode with the participation of all BIMSTEC Member States.

Major Highlights of the meet

  • India is committed to building the momentum of regional cooperation under the BIMSTEC framework and make the organization stronger, vibrant, more effective and result-oriented.
  • It was highlighted that India achieved progress as a Lead Country in Counter-Terrorism & Trans-national Crime, Transport & Communication, Tourism, and Environmental & Disaster management and other activities undertaken by India to deepen BIMSTEC cooperation.
  • The meeting endorsed the BIMSTEC Master Plan for Transport Connectivity for adoption at the next BIMSTEC Summit and three MoUs / Agreements for signing at the next BIMSTEC Summit, namely
    • The BIMSTEC Convention on Mutual Legal Assistance in Criminal Matters.
    • MoU on Mutual Cooperation between Diplomatic Academies/Training Institutions of the BIMSTEC Member States.
    • Memorandum of Association on the Establishment of BIMSTEC Technology Transfer Facility (TTF) in Colombo, Sri Lanka.
  • The meeting took note that the BIMSTEC Centre for Weather and Climate, being hosted in India, is fully functional with the state of the art facilities to provide Disaster Early Warnings.

About BIMSTEC

  • It is a regional organization comprising seven member states lying in the littoral and adjacent areas of the Bay of Bengal constituting a contiguous regional unity.
  • Members: India, Thailand, Myanmar, Nepal, Bangladesh, Sri Lanka and Bhutan.
  • The grouping holds annual meetings hosted by member states based on alphabetical rotation. Sri Lanka is the host nation this time.
  • It was established through the Bangkok Declaration in 1997.
  • It will focus on enhancing multilateral cooperation and engagement with countries from around the globe to collectively develop and strengthen the startup ecosystems.
  • Aims: To develop technological and economic cooperation in the Southeast Asian countries along the coast of the Bay of Bengal. It also establishes the relationship between SAARC and SEAN members.
    • It aims to accelerate economic growth and social progress among members across multiple sectors — trade, technology, energy, transport, tourism and fisheries, agriculture, public health, poverty alleviation, counter-terrorism, environment, culture, people to people contact and climate change.

                                                                                        Image Courtesy: TOI

Importance of BIMSTEC for India

  • The region is home to roughly 22 percent of the global population with a combined GDP of over $2.7 trillion.
  • It also has vast untapped natural resources.
  • BIMSTEC connects South and Southeast Asia and also the ecologies of the Great Himalayas and the Bay of Bengal.
  • It is a natural platform to fulfil our key foreign policy priorities of ‘Neighborhood First’ and ‘Act East,”.
  • Roughly one-quarter of India’s population, live in the four coastal states adjacent to the Bay of Bengal (Andhra Pradesh, Orissa, Tamil Nadu, and West Bengal).
    • About 45 million people, who live in landlocked Northeastern states, will have the opportunity to connect via the Bay of Bengal to Bangladesh, Myanmar and Thailand, opening up possibilities in terms of development.
    • (Projects taken: India-Myanmar Kaladan Multimodal Transit Transport Project, India-Myanmar-Thailand Trilateral Highway, Bangladesh, Bhutan, India and Nepal (BBIN) Project.)

Challenges

  • Persisting organisational weaknesses: Inconsistent levels of commitment and a general ambiguity regarding how to engage with other institutional actors have been the key reasons hampering the functioning of the organisation.
  • Poor connectivity: It is troubled by poor road and rail connectivity, insufficient last-mile links and cumbersome customs and clearance procedures which hamper trade.
  • Lack of Cohesion & coordination: Cohesion among the members has been difficult to achieve mainly because of the Rohingya refugee crisis which created bitterness between Myanmar and Bangladesh.
    • This affected the working of the organisation to some extent as it could not develop a common charter.
  • China’s financial hegemony: As China has undertaken a massive drive to finance and build infrastructure in South and Southeast Asia through the Belt and Road Initiative in almost all BIMSTEC countries, except Bhutan and India, BIMSTEC is a new battleground in the India-China battle for dominance.

Way Forward

  • BIMSTEC might be a viable option for India to maintain its foreign policy discourse. However, India will have to take into account the fact that in Asia, economics and politics have historically been deeply integrated, and not fall into the trap.
  •  It was announced that the organisation will soon have a common set of rules and goals and the text of the BIMSTEC Charter has been finalised.
    • We hope that all member states will timely complete their internal procedures for its adoption at the fifth BIMSTEC summit
  • BIMSTEC  could develop codes of conduct that preserve freedom of navigation and apply existing law of the seas regionally.
  • In addition, BIMSTEC could stem the region’s creeping militarisation by instituting, for instance, a Bay of Bengal Zone of Peace that seeks to limit any bellicose behaviour of extra-regional power.

Source :TH


Other News of the Day

                                 Facts in News World Cities Cultural Forum (WCCF) It is organised by the BOP Consultancy, which is an international consultancy specialising in culture and the creative economy. Comprises 40 world cities including London, Tokyo and New York, all of...
Read More

In News Recently, the cargo ship ‘Ever Given’ has been finally freed after spending almost a week stuck in the Suez Canal. Suez Canal Located in Egypt, the artificial sea-level waterway was built between 1859 and 1869, linking the Mediterranean Sea and the Red Sea. As the shortest route between the Atlantic Ocean and lands...
Read More

In News GST taxpayers will have to furnish HSN (Harmonised System of Nomenclature Code) in their invoices with effect from the 1st April, 2021. It is applicable to those businesses whose turnover is more than Rs 5 crore. About In trade parlance, every product is categorised under an HSN code (Harmonised System of Nomenclature). The...
Read More

In News Recently, the Government of India has notified that the People of Indian Origin (PIO) and the Indian diaspora having Overseas Citizens of India (OCI) cards are not required to carry their old, expired passports for travel to India, as required earlier. About OCI Card It is issued to people of Indian origin globally...
Read More

In News The National Commission for Backward Classes (NCBC) has urged the Ministry of Social Justice and Empowerment to collect data on the population of Other Backward Classes (OBCs) in the country “as part of Census of India 2021 exercise”. Background The panel had written to the Social Justice and Empowerment Minister on December 12,...
Read More