• Monday, March 02, 2015

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Minister eyes 4 deals at Bimstec summit

Minister eyes 4 deals at Bimstec summit

Foreign Minister AH Mahmood Ali today voiced hopes on striking four important deals in the coming Bimstec meeting to step up trade and investment among member states. “We believe early realisation of the Bimstec Free Trade Agreement (Bimstec FTA) to promote trade and investment is of crucial importance,” he told a seminar in Dhaka. He...

'It was essential and necessary to hold the general elections'

'It was essential and necessary to hold the general elections'

Veena Sikri, former Indian High Commissioner to Bangladesh, talked to Rezaul Karim of The Daily Star about the January 5 Parliamentary election in Bangladesh and about issues of bilateral interest. The following are excerpts from the conversation:                                         Former Indian High Commissioner to Bangladesh Veena Sikri said that India's stance during the January 5 elections was not to support the Awami League but to support continuation of constitutional and democratic process in Bangladesh.  “It is clear that if the elections were not held, there would have been a serious constitutional crisis and violence in Bangladesh,” she said. Sikri, who was the only female high...

BIMSTEC: A beacon of hope?

THE Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) was established in 1997 with Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka and Thailand as members. BIMSTEC emphasises connectivity by road, rail, air, including digital connectivity and electricity corridors throughout the region. Trade liberalisation and free movement of people, goods and services are at the heart of such connectivity. The BIMSTEC region has a huge amount of untapped natural, water and human resources. India, as the regional...



A decade after its formation, BIMSTEC, which stands for 'The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation' and encompasses five nations from South and South East Asia, a permanent secretariat has been set up in Dhaka. Experts are lauding it as a major step in realising the vision of “shared development” across 14 sectors spanning from trade and investment, communication, energy, poverty alleviation and counter terrorism. What is of import is to take forward the initiative...

PM inaugurates Bimstec secretariat

PM inaugurates Bimstec secretariat

Prime Minister Sheikh Hasina today inaugurated the permanent secretariat of Bimstec at Gulshan in Dhaka today. At the Inaugural Ceremony of the BIMSTEC Secretariat pic.twitter.com/3yGAOcl07g — Hüseyin Müftüoğlu (@hmuftuoglu) September 13, 2014 Terming the inauguration day as “historic” for Bangladesh and Bimstec, she said the secretariat marks beginning of a new journey towards a greater and...


Bangladesh-Myanmar FS level meeting

ONE of the mechanisms of injecting momentum and dynamism into relations between the two neighbours has been the holding of meetings at the level of foreign secretary. The scheduled 8th such meeting in Dhaka on 31st August, between Bangladesh and Myanmar, is to be most welcomed. The main purpose of the meeting, I would argue, is to remove whatever misgivings Myanmar has about Bangladesh and adopt confidence building measures with Myanmar to put bilateral relations on a positive track. Cooperation...


Economic Nirvana

Economic <i>Nirvana</i>

WHEN the Board of Investment (BoI) invited me to a dialogue on the State of the Economy, it used a trump card of a huge sell-point we have acquired by virtue of a sizeable success through the recent maritime boundary delimitation along the Bay. It was an irresistible invitation for many in spite...


Dhaka secretariat can play a vital role

THE first BIMSTEC Secretary General, Ambassador Sumit Nakandala, a seasoned Foreign Office diplomat from Sri Lanka, assumed office in the new BIMSTEC Secretariat in  Dhaka on 10th  August 2014.  The decision to locate the BIMSTEC Secretariat in Dhaka was finally taken at the 3rd BIMSTEC Summit in Nay Pyi Taw, Myanmar in March 2014.  Bangladesh supremely qualifies to host the Secretariat as it centres the BIMSTEC regional grouping with India virtually bordering it,  Sri Lanka and Nepal to the...

For a successful Bimstec

WITH the ending of the third Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (Bimstec) Summit at Myanmar's capital Naypyidaw, one observation is starkly noticeable, that the special interest of regional diplomacy is attracting more countries by the day. But turning Bimstec into an effective regional cooperation has a precondition, and that is the strength of bilateral relations in particular. It is smooth, undisputed and friendly relation between member countries. It is better displayed through taking actions on...


Bimstec Summit: Ushering in economic integration between two regions

PRIME Minister Sheikh Hasina returned last night from Myanmar after attending the 3rd Summit of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation, which took place on March 3-4 in the capital Nay Pyi Daw. Bimstec is an economic partnership involving seven countries in South Asia and South East Asia -- Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka and Thailand. So Bimstec is a bridge between Asean and Saarc. The idea of Bimstec was conceived by Thailand during...

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