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Time has come to recognize BIMSTEC; No matter what happens to SAARC, BIMSTEC should be advanced: Expert

Updated: Jan 01, 1970
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With BIMSTEC Summit to kick off in just few days from now in Nepal, the ambassadors of seven-nation regional bloc stressed on early conclusion of negotiations for a Free Trade Agreement (FTA) among member-nations.

It must be noted that the FTA has been pending for last 13 years.

The "Fourth Bimstec Summit: Expectations, Challenges and Opportunities", was organised in the national capital by industry body FICCI.

Envoys of Bangladesh, Myanmar, Sri Lanka, Bhutan and Thailand were present in the conference.

BIMSTEC stands for the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (Bimstec). It came into existence on June 6, 1997, through the Bangkok Declaration. The year 2018 marks the 21st Anniversary of establishment of BIMSTEC.

Read More: https://knnindia.co.in/news/newsdetails/features/time-has-come-to-recognize-bimstec-no-matter-what-happens-to-saarc-bimstec-should-be-advanced-expert

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