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  • Historic Charter Enforced

  • The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) adopted its first charter, which came into force on May 20.

  • With the charter in place, BIMSTEC is now open to accepting new members and observers.

  • The adoption of the charter during the 5th summit of BIMSTEC leaders has granted the grouping a 'legal personality'.

  • This legal status enables BIMSTEC to engage in structured diplomatic dialogues with other international groupings and countries.

India's Commitment:

  • External Affairs Minister S. Jaishankar emphasized that the charter's enforcement reaffirms India’s dedication to fostering a prosperous, peaceful, and sustainable neighborhood.

  • BIMSTEC is seen as a reflection of India's Neighbourhood First and Act East policies.

  • Official Spokesperson Randhir Jaiswal highlighted that the charter provides a legal and institutional framework for meaningful cooperation.

  • It aims to deepen integration in the Bay of Bengal region.

BIMSTEC Formation and Challenges:

  • BIMSTEC was originally formed in 1997.

  • The organization struggled for a long time to achieve consensus among its seven member states — Bangladesh, Bhutan, Sri Lanka, Nepal, Thailand, Myanmar, and India — regarding a common charter that encapsulates the grouping's vision.



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Learnerz IAS | Concept oriented UPSC Classes in Malayalam: BIMSTEC UPSC NOTE
Learnerz IAS | Concept oriented UPSC Classes in Malayalam
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