4th BIMSTEC Summit provided a new hope and momentum: Nepal PM

The Prime Minister of Nepal K.P.Sharma Oli has said that 4th BIMSTEC Summit was very successful and it has provided a new hope and momentum to the regional organization.

Making a statement in the parliament today Mr. Oli said that summit was held in a very cordial atmosphere and joint efforts were made to provide a future road-map to BIMSTEC to make it result oriented.

He said that on the basis of joint efforts a 18 point Kathmandu Declaration was issued at the conclusion of the summit.

KP Oli said that discussions were held on all 14 identified areas and main focus was on Connectivity, Trade, Investment and Poverty Alleviation. He said that the success of summit has not only increased Nepal’s reputation at the international level but also enhanced capacity and confidence of the country.

The Prime Minister also said that on the sidelines of the summit he held bilateral talks with the Indian Prime Minister Narendra Modi and deliberated upon various issues of mutual interests.

The Fourth Summit of the Heads of State/Government of Member States of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) was held from August 30-31 in Kathmandu.

The leaders of all seven member states, including Prime Minister Narendra Modi, attended the summit.

The group was formed in 1997 and it brings together Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka and Thailand.