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The BIMSTEC Coastal Shipping Agreement draft was discussed on 1 December 2017 in New Delhi, to facilitate coastal shipping within 20 nautical miles of the coastline in the region to boost trade between the member countries. Compared to the deep sea shipping, coastal ship require smaller vessels with lesser draft and involve lower costs.
The South Asian Association for Regional Cooperation (SAARC) is the regional intergovernmental organization and geopolitical union of states in South Asia.Its member states are Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka.
The BIMSTEC Coastal Shipping Agreement draft was discussed on 1 December 2017 in New Delhi, to facilitate coastal shipping within 20 nautical miles of the coastline in the region to boost trade between the member countries. Compared to the deep sea shipping, coastal ship require smaller vessels with lesser draft and involve lower costs.
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The South Asian Free Trade Area (SAFTA) is a 2004 agreement that created a free-trade area of 1.6 billion people in Afghanistan, Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan and Sri Lanka with the vision of increasing economic cooperation and integration.
India, China, and the Southeast Asian countries. The Act East policy [1] is an effort by the Government of India to cultivate extensive economic and strategic relations with the nations of Southeast Asia to bolster its standing as a regional power and a counterweight to the strategic influence of the People's Republic of China.
Tenzin Lekphell is a military officer and founder of Druk Nyamrup Tshogpa, [1] who served as 3rd Secretary-General of the International Organization BIMSTEC from 2020 to 2023. [2] [3] He was nominated for Secretary General by Government of Bhutan. [1] [4] He also served as National General Secretary of Druk Nyamrup Tshogpa. [5]
India has embarked on a slew of projects, such as the construction of India-China Border Roads and Advance Landing Ground (ALGs), Northeastern India connectivity and Look-East transnational connectivity projects including BIMSTEC and BBIN to create multiple alternatives to Silliguri corridor, including through Bangladesh and the sea.