The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (Bimstec) must redouble its efforts to be more effective and result-oriented in integrating the economies of its seven member countries for the welfare of their people.
Bangladesh High Commissioner to India Syed Muazzem Ali made the comment at an internal seminar on 'BBIN and Bimstec: Prospects and Challenges' at Sapru House in New Delhi on Monday
"Time has come for us to seriously re-look at how we want Bimstec to be more effective and result-oriented and draw synergies with other groupings," he said.
The Bimstec, launched in 1997, comprises seven countries -- Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka and Thailand.
Muazzem Ali urged Bimstec to focus on regular interaction, comprehensive connectivity within the region, enhancing regional trade through FTA, more investment, anti-terrorism cooperation, undertaking more regional projects and setting Bimstec development goals.
Speaking about BBIN (Bangladesh, Bhutan, India, Nepal) the envoy mentioned the signing of Motor Vehicles Agreement as an achievement of the grouping, according to Bangladesh High Commission in New Delhi.
He said the region can be transformed into a natural hub of economic development by connecting the countries within the Bimstec and with other adjoining regions, reports UNB.
The High Commissioner also reiterated Bangladesh's call to Myanmar to take back Rohingyas who have fled to Bangladesh over the months.
Myanmar should repatriate them so they can live in their own country in peace with dignity, he said.
"We have to do it for the sake of humanity....of the greater stability of our region and beyond," said the High Commissioner.