Bangladesh calls for early implementation of BIMSTEC FTA

Bangladesh calls for early implementation of BIMSTEC FTA

• Bangladesh has called for early implementation of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) Free Trade Agreement (FTA) by finalising the legal instruments relating to it.
• The meeting approved the 'Rules of Procedure' for all the BIMSTEC mechanisms, including several administrative and financial matters of the BIMSTEC Secretariat for adoption at the Sixth BIMSTEC Summit proposed to be held later this year.
• The Meeting approved the draft text of the ‘Agreement on Maritime Transport Cooperation’ as well as the ‘BIMSTEC Bangkok Vision 2030’.
• The inclusion of Blue Economy, Mountain Economy and Poverty Alleviation under the purview of the reconstituted sectors/subsectors of BIMSTEC cooperation was approved by the meeting. The cooperation in the Blue Economy will be led by Bangladesh.

February Weekly Current Affairs (Science & Technology) Bitbank: What percentage of the world's natural wetlands were lost between 1700 and 2020 approximately?

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Published date : 10 Mar 2023 05:55PM