The 4th Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) Summit was held for 2 days in Kathmandu, Nepal. Nepal is the current chair of the BIMSTEC. The theme of the 4th meeting was : “Towards a Peaceful, Prosperous and Sustainable Bay of Bengal Region”. The Nepalese Prime Minister handed over the chairmanship of BIMSTEC to the President of Sri Lanka Maithripala Sirisena.
Prime Minister of Nepal K.P Sharma Oli chaired the meeting. The leaders of all seven member states of BIMSTEC were present.
- The Prime Minister of Nepal K.P. Sharma Oli presented draft Kathmandu declaration which was unanimously adopted by the all member states.
Main Objectives :
- Ending poverty from the region by 2030 in line with the United Nations Sustainable Development Goals by implementation of the BIMSTEC Poverty Plan of Action.
- To achieve enhanced connectivity, working of BIMSTEC Master Plan on Transport Connectivity with the aid of ADB by the BIMSTEC Transport Connectivity Working Group(BTCWG).
- Establishment of a Working Group to deal with information technology and communications and
- Welcoming India’s proposal to host a BIMSTEC Ministerial Conclave at the India Mobile Congress 2018 in New Delhi from October 25-27, 2018.
- Signing of the BIMSTEC Convention on Mutual Legal Assistance in Criminal Matters.
- Decision to hold meetings at the level of BIMSTEC Home Ministers,
- Welcome the offer of Thailand to host the Third Meeting of the BIMSTEC National Security Chiefs in March 2019.
- Decision to develop and promote Buddhist Tourist Circuit, Temple Tourist Circuit, ancient cities trail, eco-tourism and medical tourism and
- Welcoming Nepal’s offer to host a BIMSTEC tourism conclave in Nepalin 2020, coinciding with the Visit Nepal Year 2020.
India’s participation :
- India to enhance its National Knowledge Network in Sri Lanka, Bangladesh, Bhutan, and Nepal, in the field of digital connectivity.
- India to host International Buddhist Conclave 2020 in August 2020.
- India announced establishment of the Centre for Bay of Bengal Studies at Nalanda University for research on arts, culture, maritime laws and other subjects.