Nepal fully committed to work for collective well-being of peoples of BIMSTEC region-PM

Kathmandu: Prime Minister Pushpa Kamal Dahal 'Prachanda' said Nepal was fully committed to work for the collective well-being of the peoples of Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) region.

In a message delivered on the occasion of the 27th anniversary of inception of the BIMSTEC, Prime Minister Dahal expressed Nepal's unwavering commitment to the objectives and principles enshrined in the BIMSTEC Charter.

Extending best wishes to the governments and the people of the member-nations on behalf of the Nepal government and on his own, he said regional cooperation stood as a mainstay of stability, economic prosperity and solidarity in today's complex, dynamic and interconnected world.

The BIMSTEC was established as an intergovernmental forum comprising friendly countries of South Asian and South East Asia to realize the shared aspirations of our peoples for a well-integrated, peaceful and prosperous region through strengthened regional cooperation and partnerships,

the PM noted, adding the forum has made some landmark achievements and much remained to be done to translate the spirit of its Charter into a concrete reality.

"BIMSTEC as a region holds immense potentials and opportunities in uplifting millions of people out of poverty, establishing missing links in connectivity; expanding energy cooperation; enhancing trade, investment and tourism; keeping progress of Sustainable Development Goals and leaving no one behind", the message reads.

By leveraging its diverse strengths and complementarities, BIMSTEC has continued to make strides towards institution-building process, forge synergies for win-win benefits and deepen collaboration in agreed areas of cooperation, the PM stated. He further said that Nepal as a lead country in the people-to-people contact sector remained steadfast to further work closely with all the member-states in a spirit of unity and friendship for meaningful partnerships to unlock regional potentials for shared prosperity.

The peace, prosperity and collective well-being of the peoples of the region hinges on success stories of BIMSTEC, he noted, highlighting urgency of building broader political commitments and consensus for enhanced collaborations and achieving people-centered development.

He further noted that the coming into force of BIMSTEC Carter since last May has provided added momentum to this end.

BIMSTEC aims to support the rapid economic development of member nations by implementing assistance projects for trade, investment, industry, technology, human resources, tourism, agriculture, infrastructure and connectivity expansion. BIMSTEC was established on June 6, 1997 with the objective of jointly achieving economic growth and social prosperity of the member nations by embracing the spirit of equality and cooperation.