The National Council today ratified the BIMSTEC Maritime Transport Agreement, with the final vote scheduled for next Friday. The agreement, signed earlier this year by seven BIMSTEC member countries, including Bhutan, aims to strengthen regional maritime cooperation and economic connectivity.
The agreement brings together Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka and Thailand to boost regional trade, improve maritime linkages and strengthening economic cooperation across the Bay of Bengal region.
Chairperson of Social and Cultural Affairs Committee, Tshering, highlighted the agreement’s potential to enhance Bhutan’s access to international markets through better coastal connectivity.
“Bhutan’s goods transported through maritime routes in other countries are expected to face lower charges and earn better returns. The country will gain improved access to seaport facilities, expand business opportunities with multiple countries and strengthen regional connectivity. This agreement will support government programmes aimed at boosting the economy and contribute significantly to achieving the goals of the GMC.”
However, concerns were also raised over the implementation of certain provisions.
Tshering Tshomo, Zhemgang MP, National Council said, “In Schedule Two SOP, four countries have not specified their competent maritime authority even though they have ratified it. What could be the reason behind this? Nepal and Bhutan are landlocked countries and if other countries have not specified their competent maritime authorities, how would a landlocked country like ours do so?”
The chairperson directed the committee to record the concerns raised by members for further review.
Once endorsed, the agreement will enhance regional partnerships, improve connectivity with South and Southeast Asia, and opening up new trade opportunities.