BIMSTEC

Key Highlights of Kathmandu Declaration:

• The Kathmandu Declaration underlined the importance of multidimensional connectivity as a key enabler to economic integration of the region.
  
  
• It highlighted the importance of trade and investment as one of the major contributing factors for fostering economic and social development in the region.
  
  
• The member states also signed a Memorandum of Understanding (MoU) for the establishment of a BIMSTEC Gird Interconnection to enhance energy cooperation among the member states.