Nepal to host 4th BIMSTEC Summit 2018

The 4th BIMSTEC Summit 2018 will be held in Kathmandu from 30 to 31 August. The main focus of the summit will be to increase connectivity between the BIMSTEC nations including roads, airways and transmission lines. The Bay of Bengal Initiatives for Multi-Sectoral, Technical and Economic Cooperation (BIMSTEC) is a regional economic bloc comprising 7 member states lying in the littoral and adjacent areas of the Bay of Bengal constituting a contiguous regional unity. The group was formed in 1997 and it brings together Bangladesh, Bhutan India, Nepal, Sri Lanka, Myanmar and Thailand. Nepal is the current chair of BIMSTEC. It focuses on 14 areas of cooperation, including trade and investment, technology, energy, transport and communications, tourism, counter-terrorism and climate change.