"Beyond the respective border, our two countries do share a dream of regional prosperity and better regional cooperation," Prachanda said in his address.As the current Chair of South Asian Association for Regional Cooperation (SAARC), Nepal's desire is to "revive" it and see a conducive environment for early convening of the stalled summit, he said. "We believe that the SAARC and the BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) do not substitute but complement each other," he said.SAARC summits are usually held biennially. The member state hosting the summit assumes the Chair of the Association. ""Nonetheless, good thing is that even in difficult times, we remained engaged and remained sincerely effortful to free ourselves from those intermittent irritants. We did not let such irritants undermine the strong foundation of our relations.

Source: Economic Times September 07, 2018 14:26 UTC