Wednesday , December 1 2021

4th BIMSTEC Summit will be fruitful to achieve sustainable development: Nepal PM

Briefing the House of Representatives, the Lower House of the parliament about the 4th BIMSTEC Summit today Oli said that the Summit will be very beneficial in facing challenges posed by global warming, achieve sustainable development goals and expanding connectivity to ease movement among the people of member states and enhance cooperation.

He also said that economic prosperity of the people of BIMSTEC region, expansion of road network and construction of Buddhist Circuit will be mainly focused during the summit.

The  Fourth Summit of the Heads of State/Government of Member States of  Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is scheduled for August 30 and 31 in Kathmandu.

The Prime Minister Narendra Modi will also attend the summit.

The Foreign Secretaries of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) reviewed progress made in all areas of cooperation.

The Nineteenth Senior Officials’ Meeting (SOM) of BIMSTEC held in Kathmandu today highlighted the need to make efforts to achieve effective results in future.

Addressing the media persons after the meeting, Spokesperson of Ministry of Foreign Affairs of Nepal, Bharat Raj Paudyal said that senior officials considered a number of reports of various mechanisms related to customs cooperation, connectivity, technology, counter terrorism and transnational crimes, agriculture, poverty alleviation and public health. He said that the meeting also discussed in length on the aspects, as to how cooperation under BIMSTEC could be made more effective and business like.

The senior officials also considered various measures including exploring the possibility of establishing BIMSTEC Development Fund, Rationalization of areas of cooperation and identification of core prioritized areas, Strengthening of the Secretariat to make it capable of supporting Member States in the implementation of the decisions, Initiating process for evolving Charter of the BIMSTEC and Initiating process for working out Rules of Procedures of BIMSTEC Mechanisms.

Paudyal also said that the Meeting recommended for a Memorandum of Understanding (MoU) for the establishment of the BIMSTEC Grid Interconnections which will be signed during the Summit. The MOU will pave the way for further cooperation in energy sector among the Member States.

The Fourth BIMSTEC Summit will be held in Kathmandu from Thursday. The Prime Minister Narendra Modi will also attend the summit. During the two day Summit leaders of member states will review progress achieved so far in the areas of cooperation and provide guidance to the future work of the BIMSTEC.


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