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5_6091562320759099871
5_6091562320759099871
5_6091562320759099871
Analyse the potential of BIMSTEC in replacing SAARC as the primary platform for regional
cooperation in South Asia?
Ans. The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC)
Charter, adopted in March 2022, and came into force recently on 20th May 2024, outlines the
framework for cooperation among its member states: Bangladesh, Bhutan, India, Myanmar, Nepal,
Sri Lanka, and Thailand.
BIMSTEC: (you can use a hub and spoke diagram for this part)
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Differences between BIMSTEC and SAARC:
● Lack of efficiency and slow progress: due to inconsistent policy-making, meetings and lack
of resources.
● Limited Intra trade and connectivity: Despite BIMSTEC's goal of economic cooperation,
regional trade remains low. Eg: The BBIN connectivity project is yet to be finalised.
● Border and Sovereignty issues: may hamper consensus on important decisions. Eg- the
Rohingya crisis in Myanmar, India-Nepal border issues etc.
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● Maritime trade and fisheries: According to the FAO, the Bay of Bengal is one of the Illegal,
Unreported and Unregulated (IUU) fishing hotspots in the Asia-Pacific.
● Strong Cooperation: Effective implementation of plans & agreements like the BIMSTEC
master plan for connectivity, BIMSTEC convention on mutual legal assistance in criminal
matters, BIMSTEC technology transfer facility etc to strengthen cooperation among members.
● Finance: Creation & regular contribution into Funds to strengthen the finance of BIMSTEC.
● Resolving Issues: BIMSTEC can play a part in aiding in the fast resolution of regional issues,
which will strengthen consensus.
Conclusion:
In conclusion, while BIMSTEC and SAARC have different mandates and memberships, BIMSTEC's
structured approach, focus on economic cooperation, and reduced political friction position it as a
viable alternative for regional cooperation in South Asia. As SAARC has practically reached a
standstill, the success of BIMSTEC in replacing SAARC will depend on sustained commitment from
member states and the effective implementation of its charter.
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