Cabinet earmarks Bt275 million for hosting BIMSTEC meetings

By THE NATION

 

 

A Cabinet meeting on Tuesday approved a budget of Bt275 million to organise the 6th Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) meeting and other related meetings in 2022, a news source revealed.

 

Founded in June 1997, BIMSTEC has seven members – Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka and Thailand, which joined the grouping in December 1997.

 

“Hosting the BIMSTEC meeting will benefit Thailand in promoting long-term social and economic development among member countries, especially in terms of infrastructure, transportation and integration with a regional production chain under the Bio-Circular-Green economy model,” the source said.

 

“Furthermore, cooperation between members will help boost economic recovery after the fallout of Covid-19, by creating more jobs in key industries, such as technology, energy, tourism, fisheries and transportation, under the BIMSTEC framework.”

 

The source also said a study has shown that BIMSTEC members mostly rely on domestic production and consumption as their main economic driver, valued at around 55 to 70 per cent of total gross domestic product.

 

“It is estimated that in the future BIMSTEC members will develop a need for products and services from Thailand,” the source added.

 

Source: https://www.nationthailand.com/news/30402220

 

 

-- © Copyright The Nation Thailand 2021-02-04

 

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4 hours ago, webfact said:

A Cabinet meeting on Tuesday approved a budget of Bt275 million to organise the 6th Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) meeting and other related meetings in 2022, a news source revealed.

No wonder the poor are suffering when they are spending near £7 million on meetings

1 hour ago, RichardColeman said:

No wonder the poor are suffering when they are spending near £7 million on meetings

And all the Quarantine expense Etc after the Meeting.

Why are they not using Zoom or Google Meet ?

Total cost 20  Baht

If the G6 can meet online with video conferencing, so can BIMS.

Use savings for Covid-19 economic relief. 

And/or EEC investment at a time where FDI is slowing.

Now isn't the time to worry about Thailand's foreign image - the Hub of ASEAN/BIMS/etc. That can be done by demonstrating fiscal responsibility through INNOVATION.

2 hours ago, RichardColeman said:

No wonder the poor are suffering when they are spending near £7 million on meetings

Buffet must be good.

2 hours ago, Srikcir said:

If the G6 can meet online with video conferencing, so can BIMS.

Use savings for Covid-19 economic relief. 

And/or EEC investment at a time where FDI is slowing.

Now isn't the time to worry about Thailand's foreign image - the Hub of ASEAN/BIMS/etc. That can be done by demonstrating fiscal responsibility through INNOVATION.

 

I agree.

 

Given the expense and quarantine requirments in Bangkok and the fact that this money could be better used, if any meeting qualified for a Zoom meeting...this is it.

 

Fail.

 

9 hours ago, webfact said:

 

Founded in June 1997, BIMSTEC has seven members – Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka and Thailand

 

Nepal must be fuming they haven't managed to get N in there somehow .. 

And who does the B represent , Bhutan or Bangladesh ..