Saarc and Bimstec ppt

WELCOMETO

OURPRESENTATION

Background

On 6 June 1997, a new sub-regional grouping was formed in BANGKOK and given the name BIST-EC (BANGLADESH, INDIA, SRI-LANKA and THAILAND Economic Cooperation).MAYANMAR attended the inaugural June Meeting as an observer and joined the organization as a full member at a Special Ministerial Meeting held in Bangkok on 22 December 1997, upon which the name of the grouping was changed to BIMST-EC. NEPAL was granted observer status by the second Ministerial Meeting in Dhaka in December 1998. Subsequently, full membership has been granted to Nepal and BHUTAN in February 2004.

Member Nations

OBJECTIVES The main objective of BIMSTEC is

technological and economic co-operation among south Asian and south east Asian countries along the coast of the bay of Bengal . Commerce, investment, technology, tourism, human resource development, agriculture, fisheries, transport and communication, textiles, leather etc. have been included in it .

The main objectives of the Free Trade Area Framework Agreement of the Bay of Bengal Initiative (BIMSTEC) are to:

Strengthen and improve economic, international trade, and foreign direct investment cooperation

Progressively liberalise and promote foreign trade in products and services

Create a transparent, liberal and facilitative foreign direct investment

Research new areas and develop appropriate measures for deep cooperation

Make easy the economic integration of the least developed countries in the Bay of Bengal region

Reduce the development gap among the members.

BIMSTEC priority sectorsTrade and Investment, led by BangladeshTransport and Communication, led by IndiaEnergy, led by MyanmarTourism, led by IndiaTechnology, led by Sri LankaFisheries, led by Thailand

After the 8th Ministerial Meeting, a number of new areas of co-operation emerged

Agriculture, led by Myanmar Public Health, led by Thailand Poverty Alleviation, led by Nepal Counter-Terrorism and Transnational Crime,

led by IndiaEnvironment and Natural Disaster

Management, led by IndiaCulture, led by BhutanPeople to People contact, led by ThailandClimate change, led by Bangladesh

Countries has developed by BIMSTEC Mayanmar, Nepal, Bhutan and Bangladesh

has developed by BIMSTEC.It was hard for them to join themselves in

international trade BIMSTEC has made it easy for them.

IMPACT ON BANGLADESH MOUs on energy, agriculture and tourism

are likely to be signed The most important item on the agenda

is no doubt “trade and connectivity.”

Background The idea of co-operation in South Asia was discussed in at least

three conferences: the Asian Relations Conference held in New Delhi on April 1947; the Baguio Conference in the Philippines on May 1950; and the Colombo Powers Conference held in Sri Lanka in April 1954.

In the ending years of the 1970s, the seven inner South Asian nations that included Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka agreed upon the creation of a trade bloc and to provide a platform for the people of South Asia to work together in a spirit of friendship, trust, and understanding. President Ziaur Rahman later addressed official letters to the leaders of the countries of the South Asia, presenting his vision for the future of the region and the compelling arguments for region

Potential future members Myanmar has expressed interest in

upgrading its status from an observer to a full member of SAARC. Russia has applied for observer status membership of SAARC.Turkey applied for observer status membership of SAARC in 2012. South Africa has participated in meetings.

IMPORTANCE ASPECTS

• SAARC is an organization of eight countries located in the South Asia and it stands for the South Asian Association for Regional Cooperation.

•  The Secretariat of this organization is located in the Kathmandu.

• 3% of the area of the world is represented by SAARC countries.

• It was founded as a movement toward collective progress for the involved nations of South Asia.

• It is around 1.7 billion of the people and it is 21% of the world population.

ACTIVITIES OF SAARCPoverty AlleviationReducing terrorismIntegrated Programme of ActionSAARC Food Security Reserve

SAARC SUMMITSEIGHTEENTH SUMMIT has been held from beginning of

saarc. Nineteenth summit has been postponed due to security.

EIGHTEENTH SUMMIT: {26–27 November 2014} Kathmandu, Nepal.

Their motive is toPoverty AlleviationAgriculture and Food SecurityBlue Economy

SUCCESS Creating Amiable Environment.

CREATION OF “SAPTA” : Trading Agreement for promoting trade amongst the member countries.

CREATION OF “SAFTA” : A free trade agreement confined to goods to reduce customs duty of all traded goods to zero by the year 2016.

ADVANTAGES TO THE DEVELOPING AND UNDERDEVELOPED COUNTRIES : Provided a forum for bilateral and regional agreements to the nations for collaboration among themselves for development.

FAILURES UNRESOLVED BORDER AND MARITIME ISSUES : This has led to the

problems of Terrorism, Refugee Crisis and Smuggling. These unresolved issues continue to mar cooperative relations.

ROLE OF EXTERNAL POWERS : India’s ambitions crisscross with China. China has strengthened its relationship with Sri Lanka and Bangladesh. Thus, this has led to the trust deficit in the grouping.

The intra-regional trade of SAARC amounted to $40.5 billion in 2011, which constitutes just 5% of member countries’ trade.

In its 30 years of existence, SAARC failed to hold 11 annual summits for political reasons, both at the bilateral and internal levels.

IMPROVEMENT OF COUNTRIES

Getting free trade area South asian free trade area emaegedBoundless trade of legitimate productOpportunity to trade with other countri

freely such as BRICS country.

IMPACT ON BANGLADESHModi announced free VISA for Medical

purpose (SAARC countries)VISA is extended to business people who

frequently do trading in IndiaInternational market share by supplying

products.Lower tariff when export product.Business help from other countries.Improvement of Economy.

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