BIMSTEC's FM meeting emphasises strengthening economic ties

The foreign ministerial BIMSTEC meeting has emphasised the importance of enhancing physical, maritime, and digital linkages to strengthen economic ties and people-to-people exchanges among the member states.

This was observed at the first-ever meeting of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) foreign ministers in New York on the sidelines of the annual session of the United Nations General Assembly (UNGA) on Friday, read a press release of the BIMSTEC on Monday.

India hosted the meeting which was presided over by its External Affairs Minister S Jaishankar and attended by Bangladesh Foreign Adviser Md Touhid Hossain along with foreign ministers of Bhutan and Nepal, permanent representatives to UN of Sri Lanka and Thailand, a representative of Myanmar, and the BIMSTEC secretary general.

The meeting took stock of the close cooperation in health, food security, climate change, security, trade and investment and energy.

The member states also laid emphasis on exploring opportunities for capacity building and skill development.

The support for the establishment of BIMSTEC Centres of Excellence was expressed by the member States.

The meeting concluded with a shared resolve to further deepen cooperation within the BIMSTEC and prepare for the upcoming Leaders' Summit.

BIMSTEC comprises seven countries of the Bay of Bengal region – Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand.

It pursues regional cooperation in seven broad sectors – agriculture and food security; connectivity; environment and climate change; people-to-people contact; science, technology and innovation; security; and trade, investment and development.

The cooperation also covers eight sub-sectors – blue economy, mountain economy, energy, disaster management, fisheries and livestock, poverty alleviation, health and human resource development.