Explain the BIMSTEC organization. Throw light on the outcomes of recently concluded Kathmandu Smmit of BIMSTEC countries. Discuss the issues related to India’s interests, hopes and grievances. [63th BPSC Mains Exam 2017]
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BIMSTEC:
BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) is a regional organization comprising seven countries in South Asia and Southeast Asia. Established in 1997, its primary aim is to foster regional cooperation and integration among member countries across multiple sectors including trade, technology, energy, environment, and people-to-people connectivity. The organization includes the following members:
BIMSTEC serves as a bridge between South Asia and Southeast Asia, given its strategic location in the Bay of Bengal region. It seeks to enhance economic cooperation, promote sustainable development, and address common challenges such as climate change, energy security, and terrorism.
The organization operates through various sectoral groups, which address key areas such as:
Kathmandu Summit (2024): Key Outcomes
The recently concluded BIMSTEC Kathmandu Summit (in 2024) marked an important milestone in the organization’s journey, with several significant outcomes that reflect the collective aspirations and challenges of the member countries. Here are the key highlights:
India’s Interests, Hopes, and Grievances in BIMSTEC
India, as a founding member and the largest economy in BIMSTEC, has several interests and hopes tied to the organization. However, it also faces certain grievances related to the functioning and dynamics of BIMSTEC.
India’s Interests and Hopes
India’s Grievances
Conclusion
BIMSTEC is a vital organization for regional cooperation in the Bay of Bengal region, offering India significant opportunities for economic growth, security cooperation, and geopolitical influence. However, India’s ambitions within BIMSTEC are often tempered by the organization’s slow pace of progress, internal divisions among member states, and external challenges posed by China. The Kathmandu Summit of 2024 highlighted the potential for regional cooperation in areas such as connectivity, security, and climate change, but also underscored the difficulties in translating aspirations into concrete outcomes. India’s role in BIMSTEC remains pivotal, but its grievances regarding the organization’s functionality and external geopolitical factors will continue to shape its approach to the group.