What are the potential implications of BIMSTEC acquiring 'legal personality' through its charter

1. **Enhanced Decision-making**: Legal personality would empower BIMSTEC to enter into agreements, own properties, and sue or be sued, enabling smoother decision-making processes. 2. **Legal Recognition**: BIMSTEC will gain recognition as a unified legal entity in international law, strengthening its position in negotiations and collaborations with other organizations. 3. **Increased Accountability**: Legal personality imposes legal obligations and accountability on the organization, ensuring transparency and compliance with regulations. 4. **Improved Financial Operations**: BIMSTEC can open bank accounts, enter contracts, and manage funds independently, facilitating efficient financial operations. 5. **Heightened Credibility**: Acquiring legal personality would enhance BIMSTEC's credibility as a regional organization, attracting more participation and investments from member states and external partners.