Kathmandu: The fourth summit of Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation is opening in Kathmandu today.
The grand meeting will talk about a range of problems as mentioned in the agenda finalised by means of a assembly of foreign affairs ministers of all member states along with Bhutan, Bangladesh, India, Myanmar, Nepal, Thailand and Sri Lanka.
It has been getting to know that signing a memorandum of appreciation for grid interconnection is the most tremendous item of the agenda. In particular, Nepal is anticipated to reap benefits from the agreement as it will pave the way for promoting electricity upto Myanmar and Thailand.
Meanwhile, the assembly chaired by Nepal’s Minister for Foreign Affairs Pradeep Kumari Gyawali also finalised the draft of Kathmandu Declaration. The draft highlights joint efforts needed for poverty alleviation, inter-regional alternate and investment, combating local weather change and protection amongst others.
Prime Minister KP Sharma Oli, as the chief government of the current chair of the regional body, will inaugurate the summit in the afternoon at Hotel Soaltee of Kathmandu.
The summit will be attended by means of Oli, Bhutanese Chief Advisor Dasho Tshering Wangchuk, Bangladeshi Prime Minister Sheikh Hasina Wazed, Indian Prime Minister Narendra Modi, Burmese President Win Myint, Thai Prime Minister Prayut Chan-o-Cha and Sri Lankan President Maithripala Sirisena.