Of late the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is receiving sincere attention from its member countries as an organisation that has the potential to transform the region’s political and economic future. This is because there are several bilateral and sub-regional ongoing projects that are seeking to connect the region and bind them together into one economic whole. Apart from this, after the cancellation of the SAARC (South Asian Association for Regional Cooperation) summit in 2017, many would see the BIMSTEC as an alternative to SAARC.
BIMSTEC needs to build on regional synergies and work towards utilising the available resources optimally by focusing on fewer priority areas and undertaking projects that are economically feasible.
BIMSTEC at 20: Hopes and Apprehensions
BIMSTEC needs to build on regional synergies and work towards utilising the available resources optimally by focusing on fewer priority areas and undertaking projects that are economically feasible.