Saturday, 21 July 2018
Latest news
Main » Ministerial meeting of BIMSTEC kick-starts in Kathmandu

Ministerial meeting of BIMSTEC kick-starts in Kathmandu

13 August 2017

Indian External Affairs Minister Sushma Swaraj was also present at the occasion. Specific follow-up measures in these areas are now under progress, " Ms. Swaraj said.

With Pakistan effectively scuttling two pacts for regional connectivity-one road and the other rail-at the South Asian Association for Regional Cooperation (SAARC) Summit in Kathmandu in 2014, India pitched for a subregional motor vehicles pact with Bangladesh, Bhutan and Nepal.

The joint statement expressed satisfaction that the member States have commenced negotiations on BIMSTEC Convention Against Trafficking in Persons.

Speaking about the outcome of the first meeting of BIMSTEC National Security Chiefs in New Delhi this year, she said a holistic approach was adopted to tackle traditional and non-traditional security challenges, which threaten the region.

The minister said that BIMSTEC is one of the fastest growing regions in the world. She said that it will help us develop quicker, coordinated and comprehensive responses to disasters, and provide timely relief and rehabilitation. Bangladesh government had put forward his name as the candidate during the senior officials' meeting, as the term of Sri Lanka's Sumith Nakandala, who was the first secretary general of the BIMSTEC, ended on Thursday.

Global stocks slide as US-North Korea nuclear tensions rise
The S&P hasn't moved more than 0.5 percent in one day since July and has fallen more than 1 percent only twice this year. Traders sold off financial stocks amid speculation the Fed will decide to hold off on raising interest rates next month.

In the field of energy, the meeting made a decision to conclude the Memorandum of Understanding (MoU) on the Establishment of the BIMSTEC Grid Interconnection at the earliest possible. A lot of them are from the south Indian state of Kerala.

There was no communication on whether Swaraj raised the Doklam issue with Deuba.

She added that BIMSTEC has a combined GDP of over Dollars 2.85 trillion and work on BIMSTEC FTA, BIMSTEC Trade Facilitation Agreement and BIMSTEC Agreement on Mutual Assistance in Customs Matters would fasten trade and must be concluded at the earliest.

He requested the member states to give a big push together to bring in dynamism in the areas of cooperation of Bimstec. During her call on the President, External Affairs Minister recalled the successful visit of President to India earlier this year, which further strengthened our age old ties.

Ministerial meeting of BIMSTEC kick-starts in Kathmandu