BIMSTEC: A Bay of Good Hope?

In twenty years, India, Bangladesh, Sri Lanka, Thailand, Myanmar have undergone huge economic and political transitions. BIMSTEC was formed at a time when the ASEAN countries were suffering from severe financial crisis in 1997-98 and both Thailand and Myanmar experienced political turmoil in the following decade. The member countries’ economies are more viable and largely liberalised thereby attracting greater interest from foreign investors outside of the region

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