Press Statement by H.E. Thaksin Shinawatra Prime Minister of Thailand At the First BIMSTEC Summit 31 July 2004, Bangkok, July 31, 2004, 2:46 pm

Ladies and Gentlemen of the Press,

I am pleased to present to you some highlights of the First BIMSTEC Summit held this morning at the Ministry of Foreign Affairs.

The Leaders' Retreat was most fruitful and constructive. The discussion was interactive and spontaneous, which was an excellent sign for our future cooperation. Several Leaders offered to host meetings and lead work in a broad range of areas, demonstrating their determination to make BIMSTEC a forum for concrete cooperation.

BIMSTEC Leaders agreed that our grouping would from now on be known as the "Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation," or BIMSTEC for short.

We adopted a Summit Declaration, which has been made available. In the Declaration, we urged further progress in ongoing areas of cooperation, including timely completion of the FTA negotiations, development of transportation infrastructure, interconnection of energy grids, enhancement of tourism and business travel, and people-to-people exchanges.

In our Retreat, we paid special attention to poverty reduction and counter-terrorism.

We had a long and most fruitful discussion on poverty reduction. Each one of my colleagues shared his or her practical experience in their respective country. They underscored the importance of empowerment, including through education and self-employment, rural development, access to credit, and making poor people bankable. We recognized the need to improve health care and the involvement of the private sector. We agreed that these experiences will be taken up at the Ministerial Meeting on Poverty Eradication to be hosted by Bangladesh.

We noted the importance of setting up a network to coordinate our efforts and that it would be useful for our Leaders to talk on the telephone to discuss any matter. The Meeting welcomed India's proposal to host a BIMSTEC Working Group meeting on Terrorism, which would involve senior officials with decision-making power. The Working Group would coordinate work in such areas as intelligence and capacity building.

We emphasized the importance of protecting biodiversity and traditional knowledge, in particular traditional medicine. We agreed to set up a network of national centers of excellence to discuss ways to promote traditional medicine and generic drugs, so that the poor would have access to affordable treatment. The Meeting welcomed Thailand's offer to serve as lead country on this area of cooperation.

The Meeting welcomed Bhutan's offer to host a Ministerial Meeting on culture.

We discussed practical ways to promote BIMSTEC as a single tourism destination. One of the ways would be to have our experts sit down together and draw up a BIMSTEC tourism map. In this connection, India offered to host a Roundtable and Workshop of tourism ministers and industry representatives, so that they can work out concrete ideas to highlight the BIMSTEC area's historical and cultural attractions. We welcome India's proposal to host a Ministerial Conference on Energy Cooperation in 2005.

Thailand offered to extend a credit line on account trade for BIMSTEC members to buy agricultural products from Thailand. The size of the credit line would depend on each country's need.
We agreed to task our Foreign Ministers with the responsibility of coordinating overall BIMSTEC cooperation.

The Meeting warmly welcomed India's offer to host the next Summit in 2006.

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