What is the role of BIMSTEC in promoting connectivity in the region

Explain the objectives of BIMSTEC and the significance of adopting Bangkok vision 2030 at the next summit.
BIMSTEC, or the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation, plays a crucial role in promoting connectivity and cooperation among its member countries. The objectives of BIMSTEC include enhancing trade and investment, connectivity, energy cooperation, tourism, fisheries, agriculture, and cultural exchange. The Bangkok Vision 2030, which was adopted at the fourth BIMSTEC summit, further strengthens these objectives and aims to accelerate the pace of cooperation and integration in the region. The significance of adopting the Bangkok Vision 2030 at the next summit includes:
  • Encouraging sustained economic growth and development in the region
  • Promoting connectivity and infrastructure development
  • Strengthening regional cooperation in areas such as trade, investment, energy, and tourism
  • Enhancing people-to-people contact and cultural exchange
  • Promoting regional peace and stability
  • Building a strong and resilient BIMSTEC community
Overall, the adoption of the Bangkok Vision 2030 can bring significant benefits to the BIMSTEC member countries and help promote greater connectivity and cooperation in the region.
Answered a year ago
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