Prime Minister Narendra Modi on Wednesday called for greater cooperation among BIMSTEC nations, asserting that it is time to make the Bay of Bengal a bridge of connectivity, prosperity and security.
In his opening remarks at the fifth BIMSTEC Summit, Modi said the results of this landmark summit will write a golden chapter in BIMSTEC’s history. He said India will provide USD 1 million in aid to augment operational budget of the BIMSTEC secretariat.
Recent developments in Europe have raised question over stability of international order, Modi said. In this context, it has become important to make BIMSTEC regional cooperation more active, he added.
Modi said that in order to increase mutual trade among BIMSTEC nations, it is important to move forward on the BIMSTEC FTA proposal. With our region facing challenges of health and economic security, need of the hour is unity and cooperation, he asserted.