Study Material | Test Series | Crash Course
Drishti IAS
call1800-121-6260 / 011-47532596
Drishti The Vision Foundation
(A unit of VDK Eduventures Pvt. Ltd.)
Current Affairs Crash Course Download Player Download Android App
Third BIMSTEC Summit
Mar 07, 2014

With a commitment to combat terrorism, transnational crimes, illicit drug trafficking and to boost cooperation among the member countries, the Third Summit of BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) concluded in Nay Pyi Taw, the capital city of Myanmar, on March 4.

The one-day Summit of seven countries—Nepal, India, Bhutan, Bangaldesh, and Sri Lanka in South Asia, and Myanmar and Thailand in South-East Asia—issued a 5-page declaration, seeking cooperation and collaboration among themselves in the sectors of trade, energy, health, climate change among others.

The declaration expressed satisfaction at the close cooperation between law enforcement agencies of member states in combating terrorism and transnational crimes, calling for expediting the ratification for entry into force of the BIMSTEC Convention on Cooperation in Combating International Terrorism, Transnational Organised Crime and Illicit Drug Trafficking.

The declaration further recognised the special challenges faced by the least developed member states in the region and the need to support them in their development process. The declaration has noted that the Summit decided to move forward towards finalisation of the draft Agreement on Trade in Goods with agreed General Rules of Origin and Product Specific Rules.

The declaration also reiterated BIMSTEC's earlier commitments to continue and enhance cooperation in the field of agriculture, including crops, livestock and horticulture; and decided to intensify cooperative efforts. In the tourism sector, the Summit expressed its satisfaction over the progress made in implementing tourism cooperation programmes, and decided to follow up the plan of action on the same.

Underlining the need for enhancing regional cooperation in the energy sector, the Summit has welcomed the purported Third BIMSTEC Energy Ministerial Meeting in Nepal in 2014, and Fourth BIMSTEC Energy Ministerial Meeting in Bhutan in 2015, and recognised the role of the BIMSTEC Energy Centre in Bengaluru, India in this context.

Moreover, the declaration has noted that the Summit has also decided to enhance cooperation in the field of environmental protection and sustainable development and promote capacity building in the area of disaster management assuring to address the adverse impacts of climate change in the BIMSTEC region.

For the promotion of people-to-people exchanges and linkages among the BIMSTEC member states, the Summit decided to facilitating travels through different visa system. The Summit also assured to implement its earlier decisions taken in various Summits. Now, Nepal has assumed the chairmanship of the regional organisation.

Three New Agreements Signed

1. Memorandum of Association on the Establishment of the BIMSTEC Permanent Secretariat: Objective of MoA is to establish Secretariat at Dhaka, Bangladesh, which will coordinate and facilitate the implementation of the BIMSTEC activities and projects and to service meetings of BIMSTEC. The Secretariat is expected to function from May 2014.

2. Memorandum of Association among BIMSTEC Member Countries Concerning Establishment of a BIMSTEC Centre for Weather and Climate: Purpose of the MoA is to establish the Weather and Climate Centre in India which will promote cooperation in identified areas of fundamental and applied scientific research in weather prediction and climate modeling and capacity building in weather and climate research. Ministry of Earth Sciences, India is establishing the Centre in premises of National Centre for Medium Range Weather Forecasting, NOIDA.

3. Memorandum of Understanding on the Establishment of the BIMSTEC Cultural Industries Commission (BCIC) and BIMSTEC Cultural Industries Observatory (BCIO): Objective of the MoU is to set up Observatory in Bhutan, which will serve as a repository for information on cultural industries, disseminate such information and facilitate its access by the Member States. The Cultural Industries Commission is a high level oversight mechanism for the observatory, which will develop plans and programmes in this area.


Helpline Number : 87501 87501
To Subscribe Newsletter and Get Updates.

http://www.drishtiias.com/upsc-current-affairs-article-Third-BIMSTEC-Summit