Kathmandu, April 7 – Prime Minister KP Sharma Oli returned to Nepal after attending the 6th BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) Summit in Bangkok, Thailand, highlighting the importance of regional cooperation and shared development goals.
The summit, which brought together leaders from the seven member states—Bangladesh, Bhutan, India, Nepal, Sri Lanka, Myanmar, and Thailand—focused on setting a strategic direction for the organization through the adoption of the BIMSTEC Bangkok Vision 2030. The Vision Document outlines a roadmap to create a “Prosperous, Resilient and Open BIMSTEC,” emphasizing regional connectivity, security, and sustainability.
One of the key highlights was the bilateral meeting between PM Oli and Indian Prime Minister Narendra Modi, described by PM Oli as “highly fruitful.” The event also saw the signing of an agreement on Maritime Transport Cooperation aimed at enhancing trade and connectivity by strengthening regional transport infrastructure.
Despite BIMSTEC’s ambitious goals and a wide agenda that includes security, trade, climate change, and innovation, the organization faces persistent challenges. Tensions between member states—such as the current strain between India and Bangladesh—risk undermining the momentum of regional collaboration. Analysts warn that internal conflicts must not be allowed to jeopardize BIMSTEC’s long-term prospects.
Connectivity and infrastructure emerged as top priorities, with calls for substantial investment in roads, railways, airports, and ports to enable a successful free trade area. However, progress on establishing a BIMSTEC development fund has been slow, underscoring the need for political will and financial commitment.
Addressing climate change, particularly its impact on the Himalayas, was also a focal point. PM Oli stressed the urgency of collective action, noting that the region requires both funding and technical expertise to tackle environmental challenges.
As BIMSTEC seeks to bridge South and Southeast Asia through economic and developmental ties, cooperation between key players like India, Bangladesh, and Thailand will be crucial. The summit reaffirmed the organization's commitment to hold regular meetings and advance integration, signaling hope for a more united and resilient regional bloc.
