BIMSTEC-Reference-Cited by-同舟云学术

BIMSTEC

Published:2022 Issue: Volume: Page:83-100
ISSN:2327-5677
Container-title:Evaluating Trade and Economic Relations Between India and Southeast Asia
language:
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Author:

Kapoor Namita¹^ORCID,Tewary Tavishi²^ORCID,Mohanty Annanya³

Affiliation:

1. Amity University, India

2. Jaipuria Institute of Management, Noida, India

3. Daedal Research, New Delhi, India

Abstract

The ongoing pandemic has drastically affected the Bay of Bengal countries. Greater cooperation is suggested as these countries are fighting against the common problem and challenge of the coronavirus pandemic. Regional cooperation has become important to overcome the barriers that are mainly pandemic driven which has resulted in an increase in the cost of production and trade in the region. The chapter discusses the benefits that India is likely to get with higher integration with the immediate neighbouring countries with special reference to BIMSTEC region. The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) region is a dynamic region with trade as the driver of growth. The region is often overlapped with SAARC regional grouping with almost similar members. BIMSTEC gained its lost recognition in the year 2016, due to its high growth potential to develop sustainably.

Publisher

IGI Global

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