BIMSTEC: Contemporary Relevance & India's Engagement
BIMSTEC, an integral regional cooperation platform for India, presents significant economic, strategic, and diplomatic opportunities. However, challenges like sporadic summits and selective engagement necessitate strategic reforms for maximizing collective progress and addressing regional issues effectively.
What is BIMSTEC’s contemporary relevance?
- Economic Opportunities: Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) offers India substantial economic prospects by fostering trade and investment with member nations, whose combined GDP totals approximately US $2.7 trillion.
- Regional Connectivity: BIMSTEC enhances regional connectivity, aligning with India's vision. Initiatives like the BBIN Motor Vehicle Agreement and the Asian Trilateral Highway promote trade and people-to-people exchanges.
- Strategic ....
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