BIMSTEC Summit's main theme resonates deeply with Nepal's national aspiration: PM Oli
Prime Minister KP Sharma Oli has said the three pillars of the BIMSTEC Summit - Prosperity, Resilience and Openness - not only align with the Sustainable Development Goals, but also resonate deeply with Nepal's national aspiration of 'Prosperous Nepal, Happy Nepali'.
Addressing the BIMSTEC Summit in Bangkok of Thailand today, Prime Minister Oli stressed that BIMSTEC must not only navigate the changing tides but also seize the opportunity to reinvigorate our regional cooperation.
"I believe that the theme of the Summit –Prosperous, Resilient and Open BIMSTEC, provides us with that compass –a compass that is pro people, pro prosperity and pro welfare," he argued.
The Prime Minister mentioned, "Building an integrated Bay of Bengal region is a must to unlock our potential and capitalize on the complementarities we possess. Additionally, recognizing that not all economies in our region are equal, we must extend preferential support to Member States with special needs to enable them to share common prosperity."
Saying that climate change has posed an existential threat to entire humanity, he opined that for Nepal, the stakes are even higher. Our high Himalayas are perennial water towers and cooling stations of Asia.
BIMSTEC Summit kicks off
The sixth Summit of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) kicked off at Hotel Shangri-La in Bangkok.
Chief of the governments from BIMSTEC member states had a photo session and entered the agenda.
Paetongtarn Shinawatra, Prime Minister of Thailand, the event host country, welcomed the delegations.
Prime Minister KP Sharma Oli and other delegations are addressing the Summit today.
Following a ceremony signing on the 'BIMSTEC Maritime Transport Cooperation', the heads of the delegations Bangladesh, Bhutan, India, Myanmar, Nepal and Sri Lanka are addressing the event.
South Korea’s President Yoon Suk Yeol removed from office over declaration of martial law
South Korea’s Constitutional Court removed impeached President Yoon Suk Yeol from office on Friday, ending his tumultuous presidency and setting up an election to find a new leader, four months after he threw South Korean politics into turmoil with an ill-fated declaration of martial law, Associated Press reported.
The unanimous verdict capped a dramatic fall for Yoon, a former star prosecutor who went from political novice to president in 2022, just a year after he entered politics.
In a nationally televised verdict, the court’s acting chief Moon Hyung-bae said the eight-member bench upheld Yoon’s impeachment because his martial law decree seriously violated the constitution and other laws.
“The defendant not only declared martial law, but also violated the constitution and laws by mobilizing military and police forces to obstruct the exercise of legislative authority,” Moon said, “Ultimately, the declaration of martial law in this case violated the substantive requirements for emergency martial law.”
Markets sink as Trump confirms tariffs on Canada, Mexico and China
President Donald Trump has said he is moving forward with 25% tariffs on goods imported from Canada and Mexico into the US, adding that time had run out to reach a deal, BBC reported.
US stock markets sank in response to the measures, which he has threatened since earlier this year and said would now go into effect on Tuesday.
An additional 10% tariff on Chinese imports is also expected to come into force, leaving all of America's top three trade partners facing significantly higher barriers than just a few weeks ago.
"No room left for Mexico or for Canada," Trump said at the White House on Monday. "The tariffs, you know, they're all set. They go into effect tomorrow."
