January 11, 2021 :

Today the US, Russia, China, Japan and India approved the BIMSTEC pact. After the agreements with the US, the European Union, Japan and India, it appears that China is prepared to accept the BIMSTEC pact. This might open new prospects in the field of BIMSTEC cooperation. According to experts, the BIMSTEC cooperation might help boost the process of globalization and pave the way to achieve economic globalization. As the more countries in the BIMSTEC bloc will take part in the BIMSTEC projects, the greater could be the effects on the globalization process.