Tuesday, May 28, 2019

What is the importance of BIMSTEC to India? What role does it play in the development of India ?

BIMSTEC ( Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) basically is a connection between SAARC ( South Asian Association for Regional Cooperation) and ASEAN ( Association for South East Asian Nations).

> To be simple, BIMSTEC connects South Asian and South East Asian Nations, two of the most important regions globally in terms of peace, security, economy and resources.

> India being a geographical center of South Asia , engages with BIMSTEC nations and promotes trade, mutual relations. And these nations such as Myanmar, Maldives, Thailand, srilanka, Nepal, Bhutan, Bangladesh are important to India for its exports.

> And India is a member country of both BIMSTEC and SAARC. This makes India a South Asian center for trade .

> The main objective of these associations is to promote regional cooperation and to ensure peace and security.

> Because as they say ' UNITY IS STRENGTH' , working together helps us grow even better and prosper even more.

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