sixth BIMSTEC Summit – Believers IAS Academy

sixth BIMSTEC Summit

Context:

Lately, the sixth BIMSTEC Summit concluded in Bangkok beneath the chairmanship of Thailand. The summit marked important progress in regional cooperation between South and Southeast Asian nations.

Relevance:
GS-02 (Necessary Worldwide Establishments)

Key highlights of the summit:

• The sixth BIMSTEC Summit (2024) signified regional cooperation, with the launch of the first-ever collective imaginative and prescient doc — BIMSTEC Bangkok Imaginative and prescient 2030. This imaginative and prescient goals to construct a PRO BIMSTEC—affluent, resilient, and open—by 2030, with a robust concentrate on financial integration, regional connectivity, and human safety.
• Maritime Transport Cooperation Settlement: It seeks to spice up maritime connectivity between South and Southeast Asia. The settlement goals to enhance logistics, scale back commerce prices, and construct sustainable maritime transport networks throughout the Bay of Bengal area.
• Institution of BIMSTEC Facilities: To concentrate on essential areas reminiscent of catastrophe administration, sustainable maritime transport, conventional medication, and analysis and coaching in agriculture.
• Launch of the BODHI Programme: The BODHI Programme (BIMSTEC for Organized Growth of Human Useful resource Infrastructure) is an initiative to ability the youth by coaching, scholarships, and tutorial exchanges amongst BIMSTEC nations.
• Digital Public Infrastructure (DPI): A pilot research on Digital Public Infrastructure (DPI) might be performed to boost digital integration that helps to evaluate its applicability and influence throughout the BIMSTEC area.
• BIMSTEC Video games in 2027: To strengthen cultural and financial linkages, India will host the first-ever BIMSTEC Video games in 2027 to foster people-to-people connections.
  • Moreover, a proposal was made to arrange a BIMSTEC Chamber of Commerce and organise annual BIMSTEC Enterprise Summits to boost commerce and funding cooperation.

About BIMSTEC:

• Full Type: Bay of Bengal Initiative for Multi-Sectoral Technical and Financial Cooperation
• It’s a regional organisation comprising 7 member states, reminiscent of Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand.
• It was established in 1997 (by way of the Bangkok Declaration).
• Constitution Finalised: On the fifth BIMSTEC Summit (2022) held in Sri Lanka
• Its significance: BIMSTEC nations put collectively have a complete inhabitants of 1.7 billion (22% of the world’s whole) and now have a mixed GDP of round USD 5.2 trillion (2023).

Prelims Apply Query:

Q. Think about the next statements concerning BIMSTEC:

1. Its constitution was adopted throughout the sixth Summit hosted by India.
2. BIMSTEC includes each South Asian and Southeast Asian nations.
3. The BIMSTEC Bangkok Imaginative and prescient 2030 goals to create a Affluent, Resilient and Open area by 2030.

Which of the statements given above is/are right?

A) 1 and a pair of solely

B) 2 and three solely

C) 1 and three solely

D) 1, 2 and three

Reply: B