Connect with us


What Did India Gain From The 4th BIMSTEC Summit in Nepal?



The fourth summit of the BIMSTEC 2018 concluded successfully in Nepal on Friday and India was represented by Prime Minister Narendra Modi. During the Summit, the Prime Minister of Nepal K.P Sharma forwarded the Chairmanship of BIMSTEC to the Sri Lankan President. Sri Lanka will now be the host of the next BIMSTEC summit after K.P Sharma handed over the onus to it. 

The Nepalese Prime Minister congratulated Sri Lanka for assuming the role of the new host for next BIMSTEC summit and also extended gratitude towards all the leaders present at the 4th BIMSTEC summit. He also acknowledged the support of the leaders of the member states towards the success of the 4th BIMSTEC summit. The third BIMSTEC summit was held in 2014 and the 4th summit had come after a gap of 4 years.

Kathmandu Declaration Adopted 

President of Nepal, KP Sharma presented a draft of the Kathmandu Declaration which was adopted unanimously by all the member states. BIMSTEC is a cluster body of seven nations including India, Myanmar, Sri Lanka, Nepal, Thailand, Bhutan and Bangladesh. These nations account for as much as 22% of the global population and also a large chunk of the world’s GDP. The Kathmandu Declaration talks about collective wisdom, thought and vision to maintain peace and prosperity in the Bay of Bengal region.

MOU on Grid Interconnection Signed 

The member nations also signed a memorandum of understanding relating to the setting up of the BIMSTEC Grid Interconnection. This grid will be aimed at bolstering the energy cooperation among member nations.

India-Myanmar Relations Enhanced 

On the sidelines of the BIMSTEC summit, India held talks with Myanmar over bolstering bilateral ties between the two nations. Development cooperation and sectors of energy cooperation remained at the top of the discussions held between India and Myanmar.  Now the next BIMSTEC summit will be held in Sri Lanka and it remains to be seen if the leaders keep their pledge to revive this regional body or not.

More News at EurAsian Times





Asia Pacific2 hours ago

Indian Army Has Deployed Additional 100,000 Troops Near The LAC – Top Chinese General

Despite the sixth round of Corps Commander level meeting between India and China which failed to provide any significant breakthrough,...

F18-India-Deal F18-India-Deal
Featured2 hours ago

NATO Commitment Forces Germany To Acquire F-18 Super Hornets & Reduce Number Of Typhoons

German President Frank-Walter Steinmeier is looking to procure the new Eurofighter Typhoons and F-18 Super Hornets to bridge the gap...

Expert Reviews4 hours ago

‘Hot Winters’ Ahead – China Says PLA Needs To Teach A Harsh Lesson To ‘Insincere’ India – Analysis

The portents of war between China and India seem to be getting more and more darker by every passing day....

Featured10 hours ago

SAAB Delivers Gripen-E Jets To Brazil; Offers ‘Exceptional Deal’ To The Indian Air Force

With India’s new FDI model under the new indigenization drive, SAAB has seen it as a lucrative offer and is...

Europe11 hours ago

After Rafale Jets, This Air Force Wants Stealth F-35s That Was Once Meant For Turkey?

While some recent reports indicated that with the arrival of F-35s, UAE cold shed some of its F-16s and sell...

j20-vs-tejas j20-vs-tejas
Asia Pacific12 hours ago

Taiwanese Expert Says ‘Bathrooms Best Place To Hide’ During Chinese Air Raids, Missile Attack

As tensions between China and Taiwan are only increasing day by day, former Ministry of Defense advisor Sung Chao-wen on...

Featured15 hours ago

Indian SU-30 MKI Jets Loaded With BrahMos Missiles Practice Hitting Chinese Assets Far Away From Ladakh

Soaring tensions between India and China in Ladakh has seen both the sides deploying thousands of troops, heavy artillery and...

China-and-India China-and-India
Asia Pacific15 hours ago

India-China War Highly Unlikely; Beijing Only Testing Indian Resilience – Experts

India-China War: The joint statement following the meeting said that ministers had a “frank and constructive discussion on the developments...

imran-khan imran-khan
Featured16 hours ago

India, Pakistan Clash At UNGA – Indian Diplomat Walks Out As Imran Khan Goes All-Out Over Kashmir

India strongly reacted to Pakistan PM Imran Khan's speech at UNGA calling it a 'diplomatic low'. India's envoy to the...

J-10VSF-16 J-10VSF-16
Featured1 day ago

Next US Intervention In Taiwan & There Would Be No Taiwan – China

Amid suggestions for the United States to deploy its troops to Taiwan, Chinese military experts have warned that any such...