BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation)
Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC):It is a regional organization founded in 1997 through the Bangkok Declaration.
Aim:To create an enabling environment for economic development; accelerate social progress and promote collaboration on matters of common interest in the region.
Members: It comprises seven Member States: five deriving from South Asia, including Bangladesh, Bhutan, India, Nepal, Sri Lanka, and two from Southeast Asia, including Myanmar and Thailand.
Headquarters:Dhaka, Bangladesh.
First Summit:The First Summit Meeting of the Heads of the BIMSTEC Countries was held in Bangkok, Thailand in 2004.
The Fourth Summit was held in Kathmandu, Nepal in 2018.
