Constantino Xavier
Summary: India and other countries around the Bay of Bengal should invest greater resources in the multilateral institution BIMSTEC to promote regional connectivity and shared prosperity.
The Bay of Bengal is one of the world’s least integrated regions, with abysmal levels of trade, connectivity, and cooperation. The deep divide between India and other countries around the bay hinders their efforts to increase their economic and strategic interdependence.
The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC), a regional multilateral organization founded in 1997, offers a well-positioned platform to help address these challenges. But BIMSTEC’s mission to deepen regionalism will stand a better chance of succeeding if its members (Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand) make the organization a priority, endow it with adequate resources, and enact reforms to strength its capabilities.