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: Gateway House
Multilateral funding can aid regional financial connectivity between the Bay of Bengal states, where financial networks are scarce. India's successful fintech can be mobilised to create a local ecosystem of startups with better access to funds and strong ties to the Indian market.
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: 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”.
Courtesy: Shutterstock
The Bay of Bengal is a natural bridge between South and South-East Asia, which New Delhi seeks to optimise. But progress on India's Act East policy has been slow, creating a space for China's Belt and Road Initiative to step into. While India cannot match China’s cheque-book diplomacy, it can use its start-up industry to pursue a combination of physical, technological and financial projects to improve regional connectivity.
Courtesy: Khabarhub
On 6 October 2021, Ambassador Rajiv Bhatia, Distinguished Fellow, Foreign Policy Studies Programme, spoke to Dr. Pramod Jaiswal, Strategic Affairs Editor at Khabarhub on the role of Nepal in BIMSTEC and SAARC, in an analysis of the 17th BIMSTEC ministerial meetings. He also highlighted the role of SAARC and BIMSTEC in countering Chinese influence in the region.
Courtesy: Nepal Institute for International Cooperation and Engagement
On 27 June 2021, Ambassador Rajiv Bhatia, Distinguished Fellow, Gateway House, chaired a session on Revitalizing SAARC and BIMSTEC. This was part of the Global Conclave 2021, hosted by the Nepal Institute for International Cooperation and Engagement (NIICE), Kathmandu. Bhatia spoke about the present state, past trajectory and future challenges and opportunities for regional and sub-regional cooperation through SAARC and BIMSTEC.