“In the security sphere, we have steadily put in place enabling legal instruments for regional approaches to international terrorism, transnational crime, drug trafficking and mutual legal assistance in criminal matters, the need for which is more salient in today's integrated world than ever before,” he said.
“Connectivity and sub-regional cooperation in trade and investment, energy, climate, tourism, agriculture and other areas provide the spark for the growth engine in our region,” he said.
Singh stressed that peace, stability and development in BIMSTEC countries was ‘indispensable' for the forward march of Asia as a whole. BIMSTEC has evolved and matured further as a group since the last summit in New Delhi in 2008, he said.
Singh stressed that India's bilateral relations with BIMSTEC countries are among its most important in the world.
Several BIMSTEC centres are being launched throughout the region, including three in India, to foster greater technical exchanges between member countries, he said.
A Framework Agreement for BIMSTEC Free Trade Area was signed in Phuket, Thailand in 2004, which commits the parties to negotiate FTAs in goods, services and investments.
Singh will be joined by External Affairs Minister Salman Khurshid and Foreign Secretary Sujatha Singh who are already here.
During the visit, Singh will have bilateral meetings with Sri Lankan President Mahinda Rajapaksa, Bangladesh Prime Minister Sheikh Hasina and other leaders.
Updated on: March 03, 2014 15:58 IST
