The 4th BIMSTEC summit successfully concluded on August 31 with Nepal Prime Minister, K P Sharma Oli handing over the chairmanship of the grouping to Sri Lankan President, Maithripala Sirisena. Prime Minister Narendra Modi and the top leaders of other BIMSTEC member states attended the two-day summit in Kathmandu.
"With a commitment by PM @narendramodi and other leaders to reinvigorate the BIMSTEC process, the #BIMSTECSummit in Kathmandu came to a successful close," Ministry of External Affairs spokesperson Raveesh Kumar tweeted.
Prime Minister Oli, the current chair of the BIMSTEC, presented a draft of the Kathmandu declaration which was unanimously adopted by the member states. Addressing the closing session, Oli said that collective wisdom, thought and vision on the goal of peaceful, prosperous and sustainable Bay of Bengal region is eloquently captured in the Kathmandu declaration.
Our collective wisdom, thought & vision on the goal of Peaceful, Prosperous & Sustainable Bay of Bengal Region is eloquently captured in the 4th #BIMSTEC summit Declaration.— K P Sharma Oli (@kpsharmaoli) August 31, 2018
A Memorandum of Understanding was also signed on establishment of the BIMSTEC Grid Interconnection to enhance energy cooperation among the member states. K P Sharma Oli congratulated Sri Lanka for assuming the role as new host for BIMSTEC and extended thanks to the heads of states and governments of member states for their support in materialising the summit with success.
BIMSTEC stands for India, Bangladesh, Myanmar, Sri Lanka, Thailand, Bhutan and Nepal. It is a regional grouping and accounts for 22 per cent of the global population.