Dhaka, April 7 -- The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) and the Indian Ocean Rim Association (IORA) in a significant move signed a Memorandum of Understanding (MoU) on Friday, paving the way for enhanced interregional cooperation in key areas of mutual interest.
The MoU was signed on the sidelines of the 6th BIMSTEC Summit held in Bangkok, Thailand.
Indra Mani Pandey, Secretary General of BIMSTEC, and Mr. Sanjiv Ranjan, Secretary General of IORA, signed the agreement on behalf of their respective organizations, BIMSTEC Secretariat said on Sunday.
The signing ceremony was welcomed by leaders of BIMSTEC member states, marking a strategic step forward in institutional collaboration betw...