Despite facing challenges following former Prime Minister Sheikh Hasina's downfall, Bangladesh is seeking to join the Association of Southeast Asian Nations (Asean) as a way to diversify its foreign policy and reduce its dependence on India. Observers say that the country's experience in international maritime arbitration and cultural links with the region could work in its favor, but it is unlikely to become a new member of the regional bloc at this time. Chief adviser Muhammad Yunus has sought the support of Malaysia, Asean's chairman for next year, for Bangladesh's bid to join the 10-member organization. This development comes after Yunus's return to Bangladesh last month to lead democratic reforms and restore stability in the country following Hasina's departure to India.
Bangladesh Eyes ASEAN Membership Amidst Political Turmoil
In the wake of political upheaval following the downfall of former Prime Minister Sheikh Hasina, Bangladesh is exploring membership in the Association of Southeast Asian Nations (ASEAN) as a strategic move to diversify its foreign policy and lessen its dependence on India.
Background:
Bangladesh, a South Asian nation, has historically maintained close ties with India and has been hesitant to align itself with other regional blocs. However, recent political developments and a desire to expand its economic and diplomatic horizons have prompted the country to consider joining ASEAN.
Aspirations and Challenges:
Chief Adviser Muhammad Yunus, who has assumed leadership following Hasina's departure, has reached out to Malaysia, the incoming ASEAN Chairman, seeking support for Bangladesh's membership bid. The country hopes that its experience in maritime arbitration and cultural links with Southeast Asia will strengthen its case.
However, Bangladesh's membership aspirations face several challenges. ASEAN's membership requirements include geographical proximity and economic compatibility. While Bangladesh meets the latter criterion, its location outside Southeast Asia may pose a hurdle. Additionally, the bloc's adherence to the "ASEAN Way" of consensus decision-making may limit Bangladesh's ability to influence regional affairs.
Potential Benefits:
If granted membership, Bangladesh would gain access to a vibrant economic bloc with a combined GDP of over $3 trillion. It would also enhance its trade and investment opportunities, particularly in sectors such as textiles, pharmaceuticals, and shipbuilding. Additionally, ASEAN membership would provide a platform for Bangladesh to strengthen its diplomatic presence and engage with regional leaders on issues of mutual concern.
FAQs:
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