Courtesy: Twitter- BIMSTEC
The BIMSTEC charter has laid the foundations for a prosperous, peaceful, and sustainable Bay of Bengal region, a goal that can be achieved by greater integration and deeper collaboration. While ensuring continuity with past efforts and strengthening economic cooperation is necessary, it must also realise its potential in newer areas such as the blue economy, which has three interlinked pillars— connectivity, prosperity, and regional stability.
Courtesy: @BimstecInDhaka
The rejuvenated BIMSTEC, with a new charter in hand, is now expanding its ambition and mission. One such area is climate change, which needs greater attention as it will have implications for the Bay of Bengal and beyond. With their unique climate conditions and action plans can together create a model for regional cooperation.
Courtesy: Ministry of External Affairs, India
The recently concluded BIMSTEC summit is now a regional intergovernmental organization with a formal charter, giving it a clear mission and legality and a destiny linked to South and South East Asia. It is now better equipped to accelerate economic development for the fifth of the world’s population, which contributes only 4% of global GDP.
Courtesy: BIMSTEC
BIMSTEC is of special importance to India as it is a crucial link between the Neighbourhood First and Act East policies. This almost 25 year old multilateral can contribute to the Indo-Pacific region by addressing challenges in strategic areas of regional connectivity, security cooperation, free trade, and geoeconomic ties with external partners.
Courtesy: Ministry Of External Affairs
The Quad Foreign Ministers’ Meeting, held in Melbourne on February 11, revealed an ambitious plan for economic and developmental affairs, beyond the security concerns posed by China. Despite differing approaches towards Myanmar and Ukraine, the Quad countries are strengthening their cooperation while maintaining strategic autonomy.
Courtesy: Ministry of External Affairs, Government of India
Saurabh Kumar, Secretary (East), Ministry of External Affairs, Government of India, delivered the keynote address at the panel discussion on India in the Indo-Pacific: Pursuing Prosperity and Security, organised by Gateway House and the U.S. Embassy, New Delhi, on 1 February 2022. He outlined India's vision for a free and inclusive Indo-Pacific, and the initiatives undertaken to further cooperation among nations in the region.
Courtesy: Symbior Solar
While several Bay of Bengal countries are rich in hydropower and thermal electricity generation, others are net energy importers with large markets. India can lead creative energy projects with its eastern neighbours, supported by regional and international institutions.
Courtesy: Druk Green Power Ltd
The Bay of Bengal is gaining relevance as a significant sub-region within the Indo-Pacific. Despite its importance to regional security, there is inadequate financial, physical, and energy connectivity. India must use its strategic and political pre-eminence and influence in the sub-region to pursue deeper connectivity with Bangladesh, Myanmar, Thailand, Nepal, and Sri Lanka and to block China's growing influence.
Courtesy: Institute of Peace and Conflict Studies
China is a clear winner in the physical connectivity stakes in the Bay of Bengal, and there's a reason a why: Its projects are connected to one another, from rail to road to port. While India also has some successful cross-border road and rail infrastructure projects, they are often an extension of an existing railway line or highway, not specific to the connectivity needs of the region. India can win by focussing instead on building infrastructure to maximise the vast maritime potential of the Bay of Bengal, especially the Andaman and Nicobar Islands that give India access to critical sea channels and trade routes.
Courtesy: Gateway House
On 25 October 2021, Ambassador Rajiv Bhatia, Distinguished Fellow, Gateway House presented his remarks at the Technical Session 1 on ‘Post-Covid Economic Recovery and Restoring Growth Momentum in BIMSTEC’ of the International Symposium on “BIMSTEC: A Vehicle for Growth and Development”.