With the coming into force of the BIMSTEC CharterIndia is hoping the group will get a new lease of life allowing the member-states to promote regional cooperation in key sectors such as securityconnectivity, trade, agricultureenvironment and science and technology.
The Charter was signed and adopted during the Fifth BIMSTEC Summit held in virtual format in Colombo in 2022.With the endorsement of the Charter by Nepal Parliament in April 2024, all member-states completed the ratification of the foundational document. Consequently, the BIMSTEC Charter came into force on 20 May 2024. “The entry into force of the BIMSTEC Charter reaffirms India’s commitment to a prosperous, peaceful and sustainable neighbourhood. It is achieved by building on our shared history, culture, vision and mutual respect for each other. BIMSTEC reflects the synthesis of our Neighbourhood First and Act East policies,” said Jaishankar in a post on X.
The Charter was signed and adopted during the Fifth BIMSTEC Summit held in virtual format in Colombo in 2022.With the endorsement of the Charter by Nepal Parliament in April 2024, all member-states completed the ratification of the foundational document. Consequently, the BIMSTEC Charter came into force on 20 May 2024. “The entry into force of the BIMSTEC Charter reaffirms India’s commitment to a prosperous, peaceful and sustainable neighbourhood. It is achieved by building on our shared history, culture, vision and mutual respect for each other. BIMSTEC reflects the synthesis of our Neighbourhood First and Act East policies,” said Jaishankar in a post on X.