Context- Bangkok Vision 2030 shall be adopted by the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) on its summit in Thailand this year according to the Secretary of the East in the Ministry of External Affairs.
About Bangkok Vision 2030:
- The Bangkok Vision 2030 was put forth by Thailand that aims to propel the BIMSTEC towards a region that is prosperous, resilient and open.
- The vision aims in moving a forward-looking trajectory for sustainable and balanced growth.
- The 19th BIMSTEC ministerial meeting hosted by Thailand in March 2023 has discussed the draft text of the BIMSTEC .
- The document aims to further promote BIMSTEC as a region of peace, stability and economic sustainability. The goals found in the vision 2030 are in line with the United Nations Sustainable Development Goals and Thailand’s bio-circular green Economic model.
About BIMSTEC-
- The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is a regional organization established by the Bangkok Declaration in 1997.
- The grouping comprises member nations such as Bhutan,Bangladesh, India, Nepal, Myanmar, Sri Lanka and Thailand.
- In the year 2022, the BIMSTEC charter was adopted that laid the foundation for the BIMSTEC to function as a full-fledged organization.
- Currently Thailand being the current chair has been working to strengthen the organization in three aspects:enhancing regional interconnectedness(with maritime transport corporation), involvement of all stakeholders and promoting BIMSTEC’s internal strength.
- Currently Thailand as the lead country has been promoting projects under the BIMSTEC master plan for connectivity that is a 10-year master plan that covers roads, railways, civil aviation, maritime transport and multi- modular infrastructure along with opportunities for the Blue economy.
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