Nepal to hold BIMSTEC 2018: PM KP Sharma Oli

Kathmandu, NepalUpdated: May 12, 2018, 10:14 PM IST

Nepal PM KP Sharma Oli (File photo) Photograph:(Reuters)

Nepal's Prime Minister KP Sharma Oli on Saturday announced to host the 2018 Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) summit.

During his meeting with Prime Minister Narendra Modi, Nepali Prime Minister said Nepal will hold the BIMSTEC summit while expressing commitment towards building the Bangladesh-Bhutan-India-Nepal initiative.

As informed by Foreign Minister Vijay Gokhale in a press conference, both the Prime Ministers talked of bilateral economic ties and building strong bilateral relations in future.

The BIMSTEC is an international organisation of seven nations of South Asia and South East Asia, including Bangladesh, India, Myanmar, Sri Lanka, Thailand, Bhutan, and Nepal.

They further held discussions on other bilateral initiatives jointly undertaken by both countries.

Further, the two leaders agreed to "bridge the commitment implementation gaps" between two countries.

He extended his gratitude toward Nepal`s government for their hospitality.

Prime Minister Modi was on a two-day visit to Nepal and will now depart for India.