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In his address, Union Minister Shivraj Singh Chouhan stated that BIMSTEC is a natural choice for India to fulfil its key foreign policy priorities of ‘Neighbourhood First’ and ‘Act East Policy’.

Modi also held a bilateral meeting with his Nepal counterpart KP Sharma Oli, reviewing the unique and close relationship between the two sides.

During the summit, the seven-member grouping of Bay of Bengal littoral and adjacent countries that account for 22 per cent of world population signed an agreement on maritime transport cooperation

Modi, who arrived here on a two-day visit to attend the 6th BIMSTEC summit, earlier received a guard of honour and also witnessed a mesmerising Ramakien—Thai Ramayana performance.

The BIMSTEC summit will prioritise maritime co-operation through a new transport agreement, unveil the Vision 2030 roadmap for regional development.

Bangladesh will be the next chair of the BIMSTEC summit, which will take place in Bangkok from April 2 to 4 this year.