She also called upon the member countries to work together to develop the bloc as a more dynamic and fruitful organisation through reorganising the issues of cooperatives into three main clusters namely “Sustainable Development", Security and Stability" and "People to People Contact" on priority basis, she said.
Besides, she underscored the need for formation of Free Trade Area, enhancing investment, cooperation on power sector and investment of capital.
The Prime Minister said she stressed the importance of consolidating fundamental legal frameworks to carry forward the substantive engagements in the cooperation to produce visible results.
In her speech, she said, she urged the Bimstec leaders to further strengthen the organisation and make it more effective as well as stressed implementation of the 16-point Goa Declaration adopted in 2016.
About the memorandum of understanding signed on Bimstec power grid interconnections, Sheikh Hasina hoped that it will create new areas of cooperation on electricity in the Bimstec region.
The Prime Minister said she exchanged views with leaders of the member states on further increasing cooperation on bilateral and regional issues during her participation in the retreat session of the Summit.