First Business News Portal in English from Nepal
KATHMANDU: Nepal has called for taking concerted efforts to make Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) as an effective organization through deeper cooperation among the Member States for progress and prosperity of the peoples in the BIMSTEC region.
Delivering his remarks on the Special Session of Senior Officials’ Meeting (S-SOM) of the BIMSTEC held virtually, Foreign Secretary Bharat Raj Paudyal made an assessment of progress made by the BIMSTEC in implementing the decisions of the 4th BIMSTEC Summit held in Kathmandu in August 2018 and other high-level meetings following the Summit and appealed for deeper cooperation among the Member States for progress and prosperity of the peoples in the BIMSTEC region.
The Special SOM Session touched upon a range of pertinent matters of the organization such as norm setting and institutional building, streamlining of the sectors and sub-sectors of cooperation under BIMSTEC, finalizing of the legal instruments and documents including the BIMSTEC Charter, BIMSTEC Master Plan for Connectivity, and revising of budget of the BIMSTEC Secretariat for FY 2020 and estimated budget for FY 2021.
The meeting also made deliberations on preparation for the 17th BIMSTEC Ministerial Meeting and finalized draft text of Joint Statement of the Ministerial Meeting to be held virtually tomorrow, 01 April 2021.
The Meeting was hosted by Sri Lanka, the current Chair of the BIMSTEC.
Your email address will not be published. Required fields are marked *
Save my name, email, and website in this browser for the next time I comment.
© Copyright 2020. FiscalNepal.com. Website Design and Developed by Genesis Web Technology