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BIMSTEC Member States must address the region’s challenges: Prez

Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) Member States must continue to deepen cooperation to address the region’s challenges and seize the opportunities for shared progress, President Gotabaya Rajapaksa stated in his BIMSTEC Day message.

The President made this statement due to the fact that even though BIMSTEC represents 22% of the world population, it only contributes to 4% of the World GDP.

As one of the founding members of the BIMSTEC initiative, the President also remarked that Sri Lanka takes great pride in being a part of this initiative.

He also stated that as the current Chair of BIMSTEC, Sri Lanka convened eight core BIMSTEC Meetings including the 17th BIMSTEC Ministerial Meeting during which Member States collectively finalised the BIMSTEC charter, Rationalisation of Sectors and Sub Sectors of BIMSTEC, MoU on Mutual Cooperation between Diplomatic Academies/Training Institutions of BIMSTEC Member States with a view to adopt them at the 5th BIMSTEC Summit.

The President also reassured that Sri Lanka would remain committed to all BIMSTEC initiatives as done in the past and urged all Member States of BIMSTEC to harmoniously work towards achieving shared prosperity and peace for the people.