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Nepal’s Lower House Endorses the BIMSTEC Charter

GS Paper II International Relations

Context

Nepal’s parliament has approved the BIMSTEC regional grouping’s charter.

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Nepal’s Lower House Endorses the BIMSTEC Charter

Endorsement of BIMSTEC Charter: Except for Nepal, the other six member nations of BIMSTEC have already endorsed the BIMSTEC Charter.
- BIMSTEC charter can only be enforced after its endorsement by Parliament of a particular country.

BIMSTEC Charter

About: The BIMSTEC Charter was signed and adopted during the Fifth BIMSTEC Summit held in virtual format in Colombo, Sri Lanka, on 30 March 2022.
Foundational document: The Charter serves as the foundational document, setting out principles and structures for cooperation among member states.

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About BIMSTEC

Genesis: BIMSTEC was formed in 1997 to enhance regional cooperation on issues like economic prosperity, social progress, scientific achievement, peace, stability and connectivity.
Secretariat: Dhaka, Bangladesh.
Membership: It has a total of seven member countries: Five from South Asia, including Bangladesh, Bhutan, India, Nepal, and Sri Lanka; Two from Southeast Asia, including Myanmar and Thailand.

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