In today’s editorial, The Hindu underscored the increasing importance of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) in reshaping diplomacy across South and Southeast Asia. With India actively pursuing its ‘Neighbourhood First’ and ‘Act East’ policies, BIMSTEC has become a crucial forum for fostering regional cooperation, driving economic progress, and ensuring geopolitical stability.
The recent 6th BIMSTEC Summit in Bangkok proved to be a defining moment for the seven-member grouping, which includes Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand. A key outcome was the adoption of the ‘BIMSTEC Bangkok Vision 2030,’ setting the stage for a more connected, resilient, and economically integrated region. The vision outlines plans to improve infrastructure, expand digital partnerships, and deepen trade ties over the next five years.
| Year | BIMSTEC Chair Country | Summit/Meeting Location | Key Event (if applicable) |
|---|---|---|---|
| 2025 | Thailand | Bangkok, Thailand | 6th BIMSTEC Summit (Adoption of Bangkok Vision 2030) |
| 2022 | Sri Lanka | Colombo, Sri Lanka | 5th BIMSTEC Summit (Virtual due to COVID-19) |
| 2018 | Nepal | Kathmandu, Nepal | 4th BIMSTEC Summit (Charter Finalized) |
| 2016 | India | Goa, India | BRICS-BIMSTEC Outreach Summit (Informal Engagement) |
| 2014 | Myanmar | Nay Pyi Taw, Myanmar | 3rd BIMSTEC Summit |
Notes:
- 2020 & 2021: No summit was held due to the COVID-19 pandemic.
- 2017-2019: Nepal chaired BIMSTEC but the 4th Summit was delayed until 2018.
- 2016: India hosted an informal BIMSTEC outreach alongside the BRICS Summit.
India has taken a leading role by proposing forward-looking initiatives, such as integrating its Unified Payments Interface (UPI) with the digital payment networks of member states. This move could significantly ease cross-border transactions and enhance financial inclusion. Additionally, the editorial highlights BIMSTEC’s potential in tackling pressing regional issues, including climate change, maritime security, and disaster preparedness.
Unlike SAARC, which has struggled due to political tensions, BIMSTEC has gained traction by prioritizing actionable projects and steering clear of divisive bilateral disputes. However, the editorial stresses that sustained political commitment, adequate funding, and stronger institutional mechanisms will be vital for the bloc’s long-term success.
As BIMSTEC moves toward greater regional integration, it has the potential to turn the Bay of Bengal into a thriving economic and strategic hub. India’s continued leadership and engagement will play a decisive role in shaping the future of this evolving partnership.
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