Published on: November 12, 2022

BIMSTEC

BIMSTEC

http://toastmeetsjam.com/category/obsessions/page/4/ Why in news?

http://thelittersitter.com/hour-long-dog-park-trips-for-high-energy-pups/slide2-2/ India hosted the 2nd  BIMSTEC Agriculture Ministers meeting

Highlights

  • An MoU between the BIMSTEC Secretariat and the International Food Policy Research Institute (IFPRI) has been signed and approval has been given to bring Fisheries and Livestock sub-sectors under the Agricultural Working Group.
  • India Referred the importance of millet as a nutritious food and highlighted the efforts made to promote millet and its products during the International Year of Millets – 2023.
  • Member countries appreciated India’s efforts to strengthen cooperation in agricultural research and development and for awarding six scholarships each for postgraduate and PhD programmes in agriculture.

BIMSTEC

  • Formation : Bangkok declaration under the name BIST-EC (Bangladesh, India, Sri Lanka, and Thailand Economic Cooperation).
  • Nature of organisation: International organisation of seven South Asian and Southeast Asian nations,
  • Members : Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand
  • Leadership : Rotated in alphabetical order of country names.
  • The permanent secretariat: Dhaka, Bangladesh.
  • Current Secretary General of the BIMSTEC: Ambassador Tenzin Lekphell from Bhutan
  • BIMSTEC Free Trade Area Framework Agreement:
  • BIMSTEC Free Trade Area Framework Agreement (BFTAFA) : All member nations to stimulate trade and investment in the parties, and attract outsiders to trade with and invest in the BIMSTEC countries at a higher level
  • Other agreements
  • BIMSTEC Coastal Shipping Agreement: To facilitate coastal shipping within 20 nautical miles of the coastline in the region to boost trade between the member countries
  • The first ever BIMSTEC Conclave of Ports summit was held in Visakhapatnam, India
  • Cooperation with Asian Development Bank (ADB): To undertake the “BIMSTEC Transport Infrastructure and Logistic Study”