Promote active collaboration and mutual assistance in economic, social, educational, technical and scientific fields of common interest. Members decided to draft a charter for BIMSTEC which has been functioned so far based on the Bangkok Declaration of 1997, outcomes of the last 3 summits and the Leaders’ Retreat in 2016. The 3rd Summit was held on the 4th of March, 2014 at Nay PyiDaw in Myanmar. The declaration says that the nations deplore terrorist attacks in all parts of the world, including in BIMSTEC countries. India’s own intransigence on issues, deep suspicion that its neighbours were “ganging up” against it, and its tendency to be a bit of a bullying brother to them eroded South Asian countries’ confidence in India. India and other member states need to allocate more resources to its BIMSTEC budget and India should take an informal leadership role to provide BIMSTEC with momentum. The 2nd BIMSTEC Disaster Management Exercise (BIMSTEC-DMEx) 2020 is a 3-day exercise that discussed standardization of protocol, formulation of policy and guidelines for protection of heritage sites during disasters and their conservation post-disaster. This sub-regional organization came into being in 1997 through the. Because of its geographical location, BIMSTEC holds utmost importance for South and South East Asia. The Fourth Summit was held in Kathmandu, Nepal in 2018. Although it has existed since 1997, BIMSTEC had been largely ignored until a push in recent years. At Colombo, Sri Lanka. The FICCI report points out that intra-regional trade among BIMSTEC countries was about $40.5 billion in 2016 (about 6%) with India having a 50% share ($21 billion). Compared to the deep-sea shipping, a coastal ship requires smaller vessels with a lesser draft and involve lower costs. The regional grouping’s Kathmandu declaration was released at the end of the summit. The focus of the 2nd edition of Exercise is on heritage structures’ protection. Improving physical and digital connectivity by building ports, economic corridors etc need to be taken. The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is an international organisation of seven nations of South Asia and Southeast Asia, housing 1.5 billion people and having a combined gross domestic product of $3.5 trillion (2018). BIMSTEC countries had supported New Delhi’s call for a boycott of the SAARC summit scheduled in Islamabad in November 2016. BIMSTEC Stands for Bay of Bengal Initiative for Multi-Sectoral Technical and Economic cooperation. Beijing has undertaken a massive drive to finance and develop infrastructure in South and Southeast Asia through the Belt and Road Initiative in almost all BIMSTEC countries, except Bhutan and India, and India hopes to counter it with regional integration with neighbouring countries. All seven countries have sustained an average annual growth between 3.4% and 7.5% from 2012 to 2016. In an effort to integrate the region, the grouping was formed in 1997, originally with Bangladesh, India, Sri Lanka and Thailand, and later included Myanmar, Nepal and Bhutan. It also states that there can be no justification whatsoever for any act of terrorism. What are the Key Outcomes of the summit? With differences coming in the way between India and Pakistan in the SAARC, groupings like BIMSTEC can take forward the concept of regional cooperation in a different manner. Enter your email address to subscribe and receive notifications of new posts by email. Tags : Author ForumIAS Posted on October 27, 2020 January 7, 2021 Categories International Organisations Tags IR_3 It is an international organization of seven nations of south Asia and south East Asia lying in the littorals and adjacent areas of Bay of Bengal. 4th BIMSTEC Summit to be held in Kathmandu, Nepal in August 2018 July 21, 2018 The fourth edition of Bay of Bengal Initiatives for Multi-Sectoral, Technical and Economic Cooperation (BIMSTEC) will be held in Kathmandu, capital city of from 30 to 31 August, 2018. The Prime Minister of India had invited SAARC countries for his swearing-in ceremony in 2014, including Pakistan on the lines of his Neighbourhood first policy. It was renamed ‘BIMST-EC’ in 1997, following the inclusion of Myanmar. The 47th G7 summit is intended to be held during the summer of 2021 in the United Kingdom. BIMSTEC had emerged as an alternative regional platform where five SAARC (Bangladesh, Bhutan, India, Nepal and Sri Lanka) countries could gather and discuss sub-regional cooperation. Experts believe that BIMSTEC’s regional connectivity failed to grab India’s attention because of member nations that are less developed than India. The grouping was formed in 1997, but its record in terms of tangible achievements is not so impressive. This constitutes around 22% of the global population with a combined GDP of about 2.7 trillion USD economies. Asian Development Bank (ADB) become a partner in 2005, to undertake the “BIMSTEC Transport Infrastructure and Logistic Study” (BTILS), which was completed in 2014. The 4th BIMSTEC Summit concluded in Kathmandu with signing and adoption of Kathmandu Declaration by all the seven members (India, Nepal, Bangladesh, Bhutan, Sri Lanka, Myanmar and Thailand). BIMSTEC also lends itself to sub-regional economic cooperation to other nations. The Importance of Current Affairs in UPSC IAS examination is significant. G7 Summit 2021. Alongside the BRICS summit in Goa, PM hosted an outreach summit with BIMSTEC leaders. India would have to counter the impression that BIMSTEC is an India dominated bloc, in that context India can follow the Gujral doctrine that intends to chalk out the effect transactional motive in bilateral relations. Amalgamate India‘s North-Eastern States into the nation‘s socio-economic development. In its 20 years of existence, the BIMSTEC summit has taken place only thrice. The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is an international organisation of seven nations of South Asia and Southeast Asia, housing 1.5 billion people and having a combined gross domestic product of $3.5 trillion (2018). However, there are shortcomings as well: BIMSTEC provides nations in the Bay of Bengal region an opportunity to work together to create a common space for peace and development. Context: The fourth summit of Bay of Bengal Initiatives for Multi-sectoral, Technical and Economic Cooperation (BIMSTEC) is being held in … UK Invites India for G7 Summit - news news,IR. Representatives of BIMSTEC member countries from Sri Lanka, Nepal, Bangladesh, Myanmar … The exercise is being organised by the National Disaster Response Force (NDRF) in Odisha, on behalf of the Government of India. Its draft was discussed on 1 December 2017 at New Delhi, to facilitate coastal shipping within 20 nautical miles of the coastline in the region to boost trade between the member countries. The objective of building such an alliance was to harness accelerated growth through mutual cooperation in different areas of common interest by mitigating the onslaught of globalization and by utilizing regional resources and geographical advantages. ... 2020 OFFLINE UPSC Mains 2019: 85% Hits in Mains. ... Current Affairs, UPSC CSE 2020 , Insight Ias Current Affairs. BIMSTEC, which now includes five countries from South Asia and two from ASEAN, is a bridge between South Asia and Southeast Asia. From the strategic perspective, the Bay of Bengal, a funnel to the Malacca straits, has emerged a key theatre for an increasingly assertive China in maintaining its access route to the Indian Ocean. As a result, SAARC summit was postponed for an indefinite period, India had claimed victory in isolating Pakistan, having accused that country of carrying out the Uri attack. Members decided to draft a charter for BIMSTEC which has been functioned so far based on the Bangkok Declaration of 1997, outcomes of the last 3 summits and the Leaders’ Retreat in 2016. Connectivity has been described broadly by India as trade connectivity, economic connectivity, transport connectivity, digital connectivity, and people to people connectivity. Important Facts What is BIMSTEC? BIMSTEC has been a platform for India when SAARC has failed. It also reposes faith unequivocally in the principles and purposes of the UN Charter and strives to strengthen it. As China mounts assertive activities in the Bay of Bengal region, with increased submarine movement and ship visits in the Indian Ocean, it is in India’s interest to consolidate its internal engagement among the BIMSTEC countries. As China mounts assertive activities in the Bay of Bengal region, with increased submarine movement and ship visits in the Indian Ocean, it is in India’s interest to consolidate its internal engagement among the BIMSTEC countries. With a combined GDP of 2.7 trillion dollars, BIMSTEC becomes a sector-driven cooperative organization. It seems that India has used BIMSTEC only when it fails to work through SAARC in the regional setting and other major members like Thailand and Myanmar are focused more towards ASEAN than BIMSTEC. Today, here we are providing you a List of National & International Summits & Conferences, Venues 2020 in PDF format. That was an important signal to Pakistan, as well as to fellow SAARC members. These National & International Summits & Conferences, Venues are also part of GK and Current Affairs.So follow these newly Complete List of National & International Summits & Conferences, Venues and get good marks in the General Awareness section in the upcoming exams. The first edition of the BIMSTEC DMEx was also hosted by India in 2017 with the focus on testing the region’s preparedness and resilience towards effective activation of inter-Governmental interaction/dialogue/agreements for immediate deployment of regional resources for disaster response. The regional group forms a bridge between South and Southeast Asia and represents a reinforcement of relations between these countries. Delegates & rescue teams of five-member nations namely- India, Bangladesh, Nepal, Sri Lanka & Myanmar, of BIMSTEC group participated in this exercise with great zeal and enthusiasm. Once the agreement becomes operational after it is ratified, a lot of cargo movement between the member countries can be done through the cost-effective, environment-friendly and faster coastal shipping routes. Initially, it was formed with four Member States with the acronym ‘BIST-EC’ (Bangladesh, India, Sri-Lanka and Thailand Economic Cooperation). BIMSTEC nations affirmed their support to identify and hold accountable States and non-State entities that encourage, support, or finance terrorism, provide sanctuaries to terrorists and terror groups and falsely extol their virtues. The two-day Summit is being organised as a follow up of the announcement made by the Prime Minister at the fourth BIMSTEC Summit held in Kathmandu in August 2018 wherein India committed to host the BIMSTEC Startup Conclave. The focus of BIMSTEC is very wide, including 14 areas of cooperation like connectivity, public health, agriculture etc. Image: bimstec.org As the fourth BIMSTEC summit is being held in Nepal, Kathmandu for two days, August 30 and 31, 2018, let's take a look at what this summit is about. Almost 300 million people, or roughly one-quarter of India’s population, live in the four coastal states adjacent to the Bay of Bengal (Andhra Pradesh, Orissa, Tamil Nadu, and West Bengal). Monday, February 10, 2020. The declaration lays stress on Cooperation based on respect for the principles of Sovereign Equality, Territorial Integrity, Political Independence, Non-Interference in internal affairs, Peaceful Co-existence and Mutual Benefit. Chief Minister Naveen Patnaik recently inaugurated Seven Nation BIMSTEC Disaster Management Exercise – 2020, which will take place from February 11 to 13. Its major strength lies in that it includes two influential regional powers, India and Thailand. Since 2016 there has been no movement forward on resuming the SAARC summit. BIMSTEC Permanent Secretariat is at Dhaka was opened in 2014 and India provides 32% (65% of region’s population) of its expenditure. The Summit marks the 5th anniversary of the Startup India initiative, launched by the Prime Minister on 16 January, 2016. Context: The 2nd Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) Disaster Management Exercise was recently conducted in Bhubaneswar, Odisha. The Summit marks the 5th anniversary of the Startup India initiative, launched by the Prime Minister on 16 January, 2016. It has improved in the recent times with the recent meeting in 2018 and an upcoming summit in 2020. BIMSTEC Disaster Management Exercise (BIMSTEC-DMEx) 2020. Special Session of the BIMSTEC Senior Official's Meeting (Virtual) Special Session of the BIMSTEC Senior Official's Meeting to be held virtually in Colombo,Sri Lanka on 31 March 2021. He said that BIMSTEC represents a common space for peace and development. The Fourth BIMSTEC Summit concluded with an 18-point Kathmandu Declaration. It connects the littoral countries of the Bay of Bengal and the Himalayan ecologies. For prelims and mains: BIMSTEC- members, objectives, significance and need for reforms. But BIMSTEC has held only four summits in 20 years. Regional disaster monitoring and warning system. Over one-fifth (22%) of the world’s population live in the seven countries around it, and they have a combined GDP close to $2.7 trillion. Encouraging the spirit of equality and partnership. Since it’s an organization of 7 developing nations, it is important for BIMSTEC to respect the territorial integrity and political independence. Despite economic challenges, all these seven countries have been able to sustain average annual rates of economic growth between 3.4% and 7.5% from 2012 to 2016. Bimstec And Saarc UPSC: All You Need To Know About Bimstec Countries 4th Summit 2018 March 21, 2020 Leave a reply The 4th Bimstec Summit was held in Nepal at Kathmandu on the 30th to 31st of August 2018. at the conclusion of 2 days summit on Friday, Bimstec member Nations unanimously adopted the Kathmandu decoration 18 points. It is an international organization of seven nations of south Asia and south East Asia lying in the littorals and adjacent areas of Bay of Bengal. The 2nd BIMSTEC Disaster Management Exercise (BIMSTEC-DMEx) 2020 is a 3-day exercise that discussed standardization of protocol, formulation of policy and guidelines for protection of heritage sites during disasters and their conservation post-disaster. As the region’s largest economy, India has a lot at stake. ... of the BIMSTEC summits, the highest decision-making body of the organisation. BIMSTEC connects not only South and Southeast Asia, but also the ecologies of the Great Himalayas and the Bay of Bengal. Bimstec And Saarc UPSC: All You Need To Know About Bimstec Countries 4th Summit 2018 March 21, 2020 Leave a reply The 4th Bimstec Summit was held in Nepal at Kathmandu on the 30th to 31st of August 2018. at the conclusion of 2 days summit on Friday, Bimstec member Nations unanimously adopted the Kathmandu decoration 18 points. The Conference was attended by other BIMSTEC partners Bangladesh, Myanmar, … The fourth BIMSTEC summit is being held in Nepal, Kathmandu for two days, August 30th and 31st 2018. The two-day Summit is being organised as a follow up of the announcement made by the Prime Minister at the fourth BIMSTEC Summit held in Kathmandu in August 2018 wherein India committed to host the BIMSTEC Startup Conclave. In order to harness the potential of BIMSTEC, steps for economic Interdependence like: Signing Free Trade Agreements in goods and services. What are the Key Outcomes of the summit? Insights has redefined the way preparation is done in UPSC civil service exam, Nanda Ashirwad Complex, 3rd Floor, Bilateral, regional and global groupings and agreements involving India and/or affecting India’s interests Regional priorities: On the SCO summit Context: Three years after joining the … Fourteen priority sectors of cooperation have been identified and several BIMSTEC centres have been established to focus on those sectors. For India, it is a natural platform to fulfil our key foreign policy priorities of ‘Neighborhood First’ and ‘Act East’.
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