During the Bay of Bengal Economic Dialogue 2021 on, Post-COVID Challenges in the Bay of Bengal Region, Amb. Rajiv Bhatia, Distinguished Fellow, Foreign Policy Studies, Gateway House addresses the staggered growth of BIMSTEC, whilst also highlighting its potential as a regional grouping. He identifies the lack of political commitment, bureaucratic inertia and insufficient engagement of the Third Space and disregard for the region as a community as the chief obstacles to a successful initiative.
The 21-year-old regional organisation, which will hold its fourth summit on August 30-31, was formed because of the opportunities to make headway in economic and social development through cooperation, but it has achieved modest success. It has a relevance independent of SAARC or ASEAN and goals of its own to pursue
The new global emphasis on the Blue Economy is attracting the interest of governments, development agencies, and more recently, social impact investors. A marked change from previous years is the increased participation of developing and coastal economies, which are its very beneficiaries
Perhaps South Block did not gain as much as it had hoped to: there was a gulf in member states’ perceptions. One takeaway, therefore, for policy makers was that while noise has its uses, it is now time for some quiet diplomacy
Shortly after Prime Minister Manmohan Singh’s visit to Dhaka, Gateway House interviewed the Bangladeshi High Commissioner to India, Tariq Ahmad Karim, who commented on the prospects of enhanced relations between the two nations, and the opportunities that lie ahead.