Sri Lankan President Sirisena new chairman of BIMSTEC

ECONOMYNEXT –  Sri Lanka’s President Maithripala Sirisena has taken over leadership of a grouping of Bay of Bengal states at a regional summit this week with its next meeting to be held in the island’s capital Colombo.

A statement said Sirisena took over the chairmanship of the 5th Summit of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC).

The 4th Summit of the BIMSTEC began Thursday in Kathmandu, Nepal.

During the conclusion of the summit Friday the new BIMSTEC chairmanship was handed over to Sirisena.

Foreign ministers of the BIMSTEC member states signed an agreement on the establishment of BIMSTEC Grid Interconnection to link their power grids and trade electricity.

BIMSTEC is a regional organization comprising seven member states lying in the littoral and adjacent areas of the Bay of Bengal constituting a contiguous regional entity.

Five of the members are from South Asia – Bangladesh, Bhutan, India, Nepal, Sri Lanka – and two from Southeast Asia – Myanmar and Thailand.

(COLOMBO, 31 August, 2018)

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