What is the impact of BIMSTEC summit on connectivity in the region

Explain the aim of BIMSTEC summit and how it plans to achieve its 2030 vision.
BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) is a regional organization comprising of seven countries - Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand. The organization aims to promote economic growth, technological advancement, cultural cooperation, and environmental protection in the region. The BIMSTEC summit held in 2018 addressed several key issues related to connectivity in the region. The organization aims to achieve its 2030 vision by improving physical, digital, and people-to-people connectivity among its member countries. Some of the specific measures to be taken to improve connectivity are:
  • Constructing road, rail, and waterway networks connecting the member countries.
  • Developing trans-border energy networks to facilitate energy trade between the countries.
  • Enhancing digital connectivity by developing high-speed internet networks and sharing digital technologies among member countries.
  • Encouraging people-to-people connectivity by promoting tourism, cultural exchanges, and education among member countries.
  • Establishing a BIMSTEC Free Trade Area to promote trade and investment among the member countries.
Overall, the BIMSTEC summit aims to strengthen the economic and social ties among the member countries, leading to sustainable growth and development in the region.
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